Fixed income investment platform Stable Money has launched the country’s first Fixed Deposit (FD) marketplace for retail investors.
The platform offers FDs, compares interest rates from over 200 banks and NBFCs and allows customers to manage and track their FDs on the platform.
Other features include Break FD, which allows flexible access to funds before maturity without sacrificing returns, and FD Laddering, which helps maintain a balanced portfolio by considering both liquidity and yield. The “Change FD” feature allows depositors to quickly respond to market changes.
While the initial focus is on fixed-term deposits, the company plans to expand its offering to include a variety of investment options in the future by combining financial stability with user-friendly technology.
More earning opportunities
Stable Money also offers other fixed income options on the platform such as mutual funds, bonds, and other low-risk asset classes. The company recently secured funding from Matrix Partners and Lightspeed Venture Partners. Since the soft launch, Stable Money has registered 50,000 users on the platform.
“We are here to provide a financial safety net that ensures stability and resilience, especially during these unpredictable times,” said founders Saurabh Jain and Harish Reddy, adding that the aim is to “democratize fixed return investing and to provide a transparent, user-oriented service.”-friendly avenue”.
Stable Money will undertake an India tour covering over 15 cities to spread awareness about the benefits of fixed income instruments through workshops and conferences, it said.
https://www.thehindubusinessline.com/money-and-banking/stable-money-launches-first-fixed-deposit-marketplace/article67304058.ece Stable Money launches the first fixed-term deposit marketplace