TL;DR: is the described business viable?

I can see how a tech-centric person would see the described business as viable, but putting on my founder hat, I realize that it faces enormous risks:

- Any competitor could build the same product with less janky UX; users tend to hate even unavoidable usability issues.

- There's no compliance strategy even remotely possible in the described scenario.

- If a capital investment becomes necessary for business scaling, I cannot imagine this organization passing even a perfunctory level of due diligence.

Would be happy to hear out if that makes sense.