Updated:
Stable Money
Stable Money was incorporated in 2023 as Stable-Alpha Technologies Pvt. Ltd.
Stable Money
Stable Money was incorporated in 2023 as Stable-Alpha Technologies Pvt. Ltd. and operates through its financial arm, Stable Finserv Private Limited from Bangalore. Founder Saurabh Jain positioned the company as a fixed-return platform, starting with the reinvention of fixed deposits — India’s dominant household savings instrument. The firm’s registered backers include Infosys non-executive chairman Nandan Nilekani, former Snapdeal CEO Kunal Bahl, and Swiggy co-founder Sriharsha Majety. The platform distributes fixed deposits from nine banks and three non-banking financial companies, including Bajaj Finance, Shriram Finance, and Ujjivan Small Finance Bank. It extends beyond deposits into sovereign and corporate bonds, gold and silver mutual funds, and secured credit cards issued against existing FDs — creating a closed-loop fixed-income ecosystem. The service is purely origination and distribution; Stable Money collects no deposits on its own balance sheet and is regulated as a SEBI-registered research analyst and an AMFI-registered mutual fund distributor. All FDs are covered by India’s DICGC insurance framework. As of mid-2026 the platform claims over 5 million users across more than 3,500 Indian cities, making it one of the largest mobile-first fixed-income distributors in the country. Publicly verifiable headcount is unavailable. The firm operates from a single office in HSR Layout, Bangalore, and holds ISO 27001:2022 certification for information security. Its mutual fund distribution license runs through May 2029. What distinguishes Stable Money structurally is its pure distribution model with no proprietary lending book — it competes not as a bank or NBFC but as an aggregation layer that captures spread through commissions and cross-sell. Jain has maintained founder-led control with backing from a narrow set of India’s technology elite, a governance structure that aligns with early-stage Indian fintech norms where the founder controls both product roadmap and regulatory licensing strategy.
General information
Firm type
other
Year founded
2023
AUM
Undisclosed
Location
Region
Asia
Country
India
City
Bangalore
Corporate office
Third floor, Block A, Stable Money, Bhive HSR Premium Campus, Krishna Reddy Industrial Area, Kudlu gate, Bommanahalli, Bangalore, Karnataka, India, 560068
Principals
Saurabh Jain
Founder
Sector focus
Frequently asked questions
Who runs investment decisions at Stable Money?
Stable Money does not operate as an asset manager or family office. Saurabh Jain, the founder, controls the product roadmap and partnership strategy. The firm acts as a SEBI-registered research analyst and mutual fund distributor, not a discretionary allocator. Jain is the only named principal on the firm’s website.
Is Stable Money a single family office or does it operate more like a venture-backed fintech?
Stable Money is a venture-backed fintech, not a family office. Its incorporated entity is Stable-Alpha Technologies Pvt. Ltd. The firm has raised capital from named individuals — Nandan Nilekani, Kunal Bahl, and Sriharsha Majety — but it builds a consumer platform, not a proprietary investment vehicle.
Does Stable Money participate in fund commitments or only direct deals?
Neither. Stable Money is a fixed-income distribution platform for Indian retail investors. It does not make fund commitments or direct private investments. Its product suite is limited to fixed deposits, bonds, gold and silver mutual funds, and secured credit cards.
What investment stages does Stable Money typically target?
Stable Money does not target investment stages in the private-markets sense. It aggregates retail fixed-income products at the maturity and rate level — comparing FDs ranging from short-term placements to multi-year tax-saving deposits. The platform surfaces the highest available rates across partner banks and NBFCs.
Which sectors does Stable Money explicitly avoid?
The firm avoids equity investing, venture capital, real estate, and direct lending. It does not hold client funds or offer portfolio management services. Its business is deliberately narrow: regulated fixed-income distribution with no balance-sheet exposure to the products it lists.
Where does the underlying wealth come from?
Stable Money is not a wealth manager and does not disclose the aggregate assets flowing through its platform. The firm does not claim an AUM figure, and its users are self-directed Indian retail depositors, not institutional allocators.
How is Stable Money regulated?
Stable Money operates through two registered entities. Its research-analyst arm holds SEBI registration INH000024912 and BSE enlistment 6952. Its mutual fund distribution entity, Stable Finserv Private Limited, holds AMFI registration ARN-269315. Fixed deposits and co-branded credit cards distributed through the app fall outside SEBI’s jurisdiction and are not covered by the SCORES or exchange arbitration frameworks.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: