Bengaluru-based wealthtech platform Stable Money has raised $20 million (Rs 173 crore) in a Series B round led by Nandan Nilekani’s Fundamentum Partnership, with investment from Aditya Birla Ventures.

Existing investors Z47, RTP Global, and Lightspeed also participated.

The latest infusion, coming less than a year after its $15 million Series A, will be used to build new products, expand distribution — including offline sales channels — and deepen its fixed-income partner network.

“We are experimenting with debt and gold mutual funds and loan against fixed deposits. Pilots are on. We have already launched curated short-term bonds and secured credit cards,” said Saurabh Jain, co-founder and CEO of Stable Money, in an interview with Moneycontrol. “These products help our customers move beyond FDs at their own pace — we’re building trust first, then expanding their wealth journey step by step.”