Proof of Usefulness Report

Bynow

Analysis completed on 2/14/2026

+372
Proof of Usefulness Score
Certified Problem Solver

The project 'ByNow' (bynow.ai) is a verifiable B2B Buy Now Pay Later (BNPL) fintech based in Saudi Arabia, founded in 2022. External search confirms they have raised approximately $1.2M - $1.3M in seed funding (Merak Capital). However, the submission quality is extremely poor and contains significant falsehoods: the user claims 'everyone' as the audience (it is strictly B2B/SME), 'most people have used my product' (false, early-stage traction), and mislabels the valuation ($17M implied) as 'marketcap'. While the project has high real-world utility and strong market timing in the MENA region, the score is heavily penalized due to the submission's dishonesty and lack of detail.

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Score Breakdown

Real World Utility25%)
Audience Reach Impact20%)
Technical Innovation15%)
Evidence Of Traction25%)
Market Timing Relevance10%)
Functional Completeness5%)
Subtotal+414
Usefulness Multiplierx0.9
Final Score+372

Project Details

Project URL
Description
Empowering businesses to buy, sell, save and do more with innovative B2B payment solutions starting with offering buy now pay later for SMEs.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
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