Stable Money: Platform providing digital fixed-return investment opportunities launched
Stable Money, an online marketplace providing fixed-income investment opportunities to investors was launched and is now ready for customers to download, said the company through its press release on Wednesday.
The digital platform compares FD interest rates from over 200 banks, enabling customers to manage and track their FDs using digital tools.
Stable Money, which recently secured funding from Matrix and Lightspeed, has on-boarded quite a few partner banks and NBFCs, such as Utkarsh Small Finance Bank, Shivalik Small Finance Bank, Shriram Finance Limited, among others, to offer their fixed-income products, said the press release.
The company, while launching the platform, introduced a set of new features such as Break FD, FD Laddering and Switch FD.
'Break FD' offers investors to access funds before maturity without returns. Next is 'FD Laddering' which will guide investors to maintain a balanced portfolio by considering both liquidity and returns.
Lastly, the 'Switch FD ' feature will enable investors to make adjustments in response to market changes.
“Our mission with Stable Money is clear — to democratize fixed-return investments and provide a transparent, user-friendly avenue for millions of Indians. Today marks the beginning, but our vision stretches far beyond.
