Stable Money, a wealthtech startup, has raised nearly $15 million in a new round from Matrix Partner, Lightspeed India, and RTP Capital. Especially during the so-called funding winter, the Bengaluru-based company has become one of the few startups to close two rounds within a year.

The board at Stable Money has passed a unique goal to issue 77,135 CCPS at cost of Rs.16,019 each to raise Rs.123.56 crore or $14.74 million, its administrative documenting gotten to from the Recorder of Organizations (ROC) shows. Lightspeed India and Matrix Partners India contributed Rs.34.64 crore ($4.15 million) each to this round, which saw RTP Capital take the lead with Rs.54.26 crore ($6.5 million).

In its first equity fundraise, Stable Money, led by Matrix Partners and Lightspeed, raised $5 million in August 2023. Titan Capital, Mar Shot Ventures and a grasp of noticeable private backers also partook in the round. Stable Money, according to the startup data intelligence platform TheKredible, the company’s worth approximately $55 million after funding. This is more than three-fold bounce in valuation from $16.5 million in the last round.

Stable Money, which Saurabh Jain and Harish Reddy established at the end of 2022, is building an investment platform with a fixed return to offer investors financial advice. To raise investor awareness, the platform will also publish content on financial literacy on its online platform. In the current calendar year, a number of wealthtech startups have been successful in obtaining adequate funding.

Premji Invest led Deserv’s recent Series B round, which brought in $32 million. In May, the wealth management startup Wealthy brought $5.4 million up in another round drove by Alpha Wave Incubation Fund.