PrancingPickle

I'm Saurabh Jain, Co-Founder & CEO at Stable Money. Ask me anything!

Hi Grapevine,

I'm Saurabh, currently building Stable Money, India’s largest platform for fixed return investments.

I'd love to chat with you folks about my journey in building Stable Money, my thoughts on fintech and financial services, organization building, amongst other things.

Ask me anything, I'll be back at 7 PM and begin answering! :)

3mo ago

66Kviews

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WigglyBanana

Stealth3mo

Hi Saurabh,

Thanks for doing this. As somebody in their 20s who invests in mutual funds and stocks primarily, what’s a reason for me to move to FDs? And if I do, why Stable Money as the medium?

Thanks in advance :)

PrancingPickle

Stable Money3mo

@AlphaGrindset Ah, 20! I feel so old, man. Before discussing anything about FDs, I just want to say - don't play it safe, go out and build something. This is a great age to start something. I wish someone had told me this.

On FDs - You need to have a balanced portfolio. Don't put all the eggs in one basket. Your emergency fund, which is liquid, has to be in FDs. Why Stable money? Because like your bio, we are also a series A company, haha. Jokes apart, we will offer you the highest FD rates and the best CX. Trust us once :)(

BubblyQuokka

Groww3mo

when we will bring the More stable banks other than small banks? and what is the plan to bring the bonds andother investment options

FloatingPancake

Transunion3mo

Hey Saurabh, great to have you here on GV!

How does Stable Money ensure that it remains customer-focused rather than purely sales-driven, especially in a competitive fintech landscape?

PrancingPickle

Stable Money3mo

@EmbarrassedDiversity Diversity We talk to our customers every day! I mean it. We are the only ones who offer full-time call support to address any and all customer inquiries, including those from new customers. Trust me, that's not easy to do. Even at our small scale, we handle over 700 calls every day. And it's not just the support team – everyone on the team is on the phone with someone at some point, including me. I'm in direct contact with 10% of our users. This keeps us grounded and in touch with reality. By listening to our customers, we have been able to create some great features. That's hard to keep up going forward but we will stop that last.

ZoomyDonut

Stealth3mo

@SaurabhJain love this!!

ZippyPanda

INDMoney3mo

Why should one invest in FDs/Bonds while investing in NIFTY50 gives me better returns while being practically risk free?

PrancingPickle

Stable Money3mo

@FelineHunting Hunting Great choice, man! I hope you are investing in Nifty 50, as it is the cheapest option. However, investing there does not guarantee that you will always come out positive when you need money urgently. So, where do you keep money for emergencies? Nifty has yielded 12% over a long period, but there have been years when the returns were much lower.

SparklyPanda

Stealth3mo

How is nifty 50 risk free? The index gave around 4% returns in 2022.

SquishyQuokka

Gojek3mo

Hey Saurabh I am @salt

What are your thoughts on usesrs on grapevine thinking that the only sustainable advantage Stable Money has is the insane amount of funding you have raised? Massive Props on that.
How do you plan to succeed in this sector where even greatly funded apps have faltered hard? What’s the core need you are able to service and what’s your ethos around solving for it?

PrancingPickle

Stable Money3mo

@salt Hey, tough one, but let's start with this one!

We don't have insane funding. Come on :) Look at Zepto and others. You will be surprised at how much money is still in the bank, and we haven't spent. I believe our advantage is how customer-obsessed we are because we feel we need to work really hard to make FD look cool
Yes, many who tried FD have failed, but one core difference is FD is our hero product and not a cross-sell idea. And we are the only ones doing that which works greatly in our favour. This helps us continuously improve on the CX for FD booking where others lag.

SquishyWaffle

Porter3mo

Personal opinion: I think the biggest differentiator is not selling, rather they are catering to the emotion of "Fear" which is overindexed in Indians, especially pre 1991 folks. Compared to other companies who are selling "Greed" to the youth, they want to continuously cater to the risk averse component of investment in everyone's life, including their parents.
Hence, you go all in on LinkedIn which drives your acquisitions on the basis of your personal brand, @SaurabhJain .