New Delhi: Fintech Startup Stable Money has raised a whopping $5 million funding in its seed round with investor giants Lightspeed and Matrix Partners. Company offers investment options that prioritize returns with safety and stability.
There were other participants as well including Titan Capital, Mar Shot Ventures, and Angel Investors. Founded by Saurabh Jain and Harish Reddy in 2022, Stable Money representatives said that the funding will be used to expand company’s operations, spread financial awareness and provide IT-related services.
They added, “The funds will be used to hire senior leadership, striking financial partnerships, and building technology.”
The company’s vision is to offer awareness among people towards investing in options that prioritize returns with safety and stability.
Stable Money’s Employee Stock Option Plan (ESOP) pool is worth nearly $1.7 million which is 10.24 per cent of its cap table.
With the support of Lightspeed and Matrix Partners, Stable Money is committed towards significant growth and success in the years to come.
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