Zerodha’s Coin App to Launch Fixed Deposits Soon; Rainmatter Backs Fintech Startup Blostem

Image Source: Moneycontrol

Zerodha is set to introduce fixed deposit (FD) investments on its Coin platform within two weeks, expanding its low-risk offerings. The feature will be powered by Blostem, a fintech startup receiving fresh funding from Zerodha’s Rainmatter Capital. Users can invest in FDs from small finance banks directly through the app.

Fintech Meets Fixed Income: Zerodha’s Coin App Adds FDs, Rainmatter Invests in Blostem

In a strategic move to diversify its investment offerings, Zerodha is preparing to launch fixed deposit (FD) products on its Coin platform, marking a significant expansion beyond mutual funds and government securities. The rollout is expected within the next two weeks, and will be powered by Blostem, a New Delhi-based fintech startup.

Key Highlights from the Announcement:

FDs via Coin App

Users will soon be able to open fixed deposits directly through the Coin app, without needing a savings account with the same bank.

The platform will initially offer FDs from Suryoday and Unity Small Finance Banks, known for competitive interest rates.

Minimum Investment & Benefits

Investors can start with as little as ₹1,000, with options to invest in multiples of ₹1.

Senior citizens will receive additional interest benefits—0.4% on Suryoday FDs and 0.5% on Unity FDs.

Blostem Partnership

The FD feature is being launched in collaboration with Blostem, which has already raised close to $1 million from investors including AC Ventures, Mobikwik, and Delhivery founder Kapil Bharti.

Zerodha’s investment arm, Rainmatter Capital, is expected to lead a fresh funding round in Blostem to support the rollout.

User Experience & Accessibility

The Coin app will include an FD calculator, allowing users to compare returns and select tenure easily.

Required documents include PAN, Aadhaar, bank details, and an Aadhaar-linked mobile number.

Strategic Expansion

This move aligns with Zerodha’s broader goal to offer low-risk, long-term investment options to retail investors.

It also reflects the growing trend of fintech platforms integrating traditional banking products for seamless digital access.

Zerodha’s FD launch via Coin and Rainmatter’s investment in Blostem signal a new chapter in fintech innovation, blending convenience, accessibility, and financial prudence for India’s digital-savvy investors.

Sources: LiveMint, NewsBytes

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