Proof of Usefulness Report

Bittiq

Analysis completed on 1/15/2026

+234
Proof of Usefulness Score
Gaining Momentum

Bittiq is a legitimate B2B Open Banking platform that was successfully acquired by Ockto in January 2023, validating its real-world utility and technology. However, the submission itself is of extremely low quality, containing false hyperbolic claims (e.g., 'most people have used my product') and nonsensical data ('marketcap: null'). While the project's actual history warrants a solid score for a small-to-mid-scale exit, the score is heavily penalized by the lack of credible evidence provided in the submission and the false claims regarding audience reach.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+85
Audience Reach Impact+20
Technical Innovation+42
Evidence Of Traction+45
Market Timing Relevance+34
Functional Completeness+1
Subtotal+227
Usefulness Multiplierx1.03
Final Score+234

Project Details

Project URL
bittiq.com
Description
We enable financial service providers to better understand the financial situation of their customers so they can provide the right products \u0026 services at the right time driving higher conversions and operational efficiency.\n\nAfter the first wave of Open Banking (which built the infrastructure to unlock transaction data, the ‘crude oil’), Bittiq now leads the second wave, in which intelligence is applied to ‘distill’ value from raw transaction data.\n\nBittiq’s scalable data platform interprets consumers’ banking transactions and returns actionable financial insights. Financial service providers use the platform to power various use cases, embedded into their own digital channels.
Audience Reach
everyone
Target Users
everyone
Technologies
Analytics, Energy Solutions, Devops
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