India, Feb. 18 -- Bengaluru-based wealthtech startup Stable Money has secured $25 Mn (around Rs.226.8 Cr) in a Pre-Series C funding round led by Peak XV Partners. Besides, existing investors Z47, RTP Global, Lightspeed, and Fundamentum Partnership also participated in the round.

Stable Money's cofounder Saurabh Jain told Inc42 that the startup plans to utilise the fresh capital to fuel its marketing as well as launching more wealthtech products onto the platform. Besides, a portion of the funds will also be in building partnerships by adding bond suppliers and banks onto the platform.

"Right now, we have 13 banks and NBFCs on the platform and we are adding seven more banks and NBFCs by the end of this year," Jain said.

Founded in 2022 ...