Stable Money to raise $15 million from existing investors

Bengaluru-based fixed-income investment startup Stable Money is looking to close a $15 million funding round from its existing investors, according to two people in the know.

The round will be led by Nandan Nilekani-founded Fundamentum, along with participation from other existing investors, Peak XV Partners, Z47 (previously Matrix Partners India), and RTP Global.

This round comes on the back of a $25 million round raised by Stable Money in February this year. That round was led by Peak XV Partners.