Neo-banking's Real Moat: Hardware-Software Economics in India
Neo-banks in India gain defensibility when hardware and software merge. Cost structures shift dramatically when you own the device layer. Margin math only works for those who do.
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Amit Tyagi
Founder, AletheiaAI & GP, Fitoor Capital
Veteran of India's startup ecosystem. Writing about fundraising, investor psychology, and what it takes to build fundable startups in India.
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