Proof of Usefulness Report

Bind

Analysis completed on 1/15/2026

+42
Proof of Usefulness Score
You're In Business

The project 'Bind Insure' is a verified early-stage Swiss B2B insurtech founded in 2022, offering an API for banks to sell insurance. However, the submission data contains significant falsehoods: it claims a team size of 393 (reality is ~3-5 based on Pitchbook/Tracxn), and states 'most people have used my product' (impossible for a niche B2B startup). While the underlying concept has B2B utility, the submitted metrics are unreliable and exaggerated, resulting in a low score.

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Score Breakdown

Real World Utility+65
Audience Reach Impact+20
Technical Innovation+50
Evidence Of Traction+10
Market Timing Relevance+70
Functional Completeness+10
Subtotal+33
Usefulness Multiplierx1.15
Final Score+38

Project Details

Project URL
Description
Bind makes it easy for banks of all sizes to advise and sell relevant insurance products at scale.
Audience Reach
everyone
Target Users
everyone
Technologies
Risk Management
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