I wanted to share one of my latest discoveries ✨
Found about this App via linkedin. As of now, its a convinient way to create FD’s without creating bank account in a particular bank. They are offerring bunch of rewards to do this . How is it different than INDmoney, Cred and 10 other Apps ? Plus they ask for a bunch of other info, gmail access etc.
All fintechs will eventually be the same.
Reason - they are only distributing. No moat. India stack and plug and play APIs
Differentiation is gtm, positioning and maybe lending at some point
Dont be surprised to see fd backed loans in 2 years in SM
You did not discover it. They have been marketing so aggressively everywhere that they discovered you. I see 2-3 posts everyday from them. Essential for early venture, but annoying to users.
Clever. Disguising your shill for a innocent discovery. Not so clever after all.
So stable money is just another fintech platform where basically you can do FD from various banks and corporates.
This concept isn't new, other apps and websites offer the same as well.
Weirdly, everyone is posting about it on LinkedIn...
Isn’t it just a glorified “Account aggregator” integration? Also, looks like they are riding on some TSP’s AA gateway/bridge for fetching the details. So zero points for any innovation.
All in all again so much hype for an aesthetically...
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