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! :)
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 :)
@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 :)(
when we will bring the More stable banks other than small banks? and what is the plan to bring the bonds andother investment options
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?
@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.
@SaurabhJain love this!!
Why should one invest in FDs/Bonds while investing in NIFTY50 gives me better returns while being practically risk free?
@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.
How is nifty 50 risk free? The index gave around 4% returns in 2022.
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?
@salt Hey, tough one, but let's start with this one!
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 .
Hey folks, lets start! Be kind :)
Excited to hear from you!
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