When Regulation Meets Inevitable Disruption
Stable Money's AMFI suspension is not a failure. It's a preview of what happens when AI rewrites the economics of wealth advisory.
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Key Insights
Regulatory setbacks expose pre-existing unit economic problems, not create them—Stable Money's business model was unsustainable before AMFI acted
AI reduces advisory cost from ₹50 to ₹0.50 per interaction, but only matters if revenue model isn't built on commission-based intermediation
Fintech winners are built on products customers actively need and pay for directly, not on regulatory access or distribution channels that can be revoked
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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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