Proof of Usefulness Report

Atoa

Analysis completed on 1/14/2026

+289
Proof of Usefulness Score
Gaining Momentum

Atoa is a legitimate, VC-backed UK fintech (raised ~$6.5M Seed from Valar Ventures) offering Open Banking QR payments. The submission accurately cites a ~$27.9M valuation but suffers critically from poor quality, including the false claim that 'most people have used' the product. While the technology and market timing are excellent (solving high card fees), the submission's lack of detail and exaggerated reach claims significantly penalize the score, placing it in the 'promising but unverified' tier relative to established benchmarks.

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Score Breakdown

Real World Utility+100
Audience Reach Impact+30
Technical Innovation+48
Evidence Of Traction+81
Market Timing Relevance+90
Functional Completeness+2
Subtotal+352
Usefulness Multiplierx0.82
Final Score+289

Project Details

Description
Atoais in the Payments Industry
Audience Reach
everyone
Target Users
everyone
Technologies
Fintech, Payments
Traction Evidence
most people have used my product

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline