Proof of Usefulness Report

CreditChek

Analysis completed on 1/18/2026

+308
Proof of Usefulness Score
Certified Problem Solver

CreditChek is a verified, legitimate Nigerian fintech startup providing essential credit assessment infrastructure (APIs for identity, income, and credit history) with confirmed pre-seed funding ($240k verified, recent Baobab Network investment) and traction (300k+ verifications, $30M loan volume processed). However, the project submission itself is of exceptionally poor quality, containing inaccurate claims (e.g., 'everyone' audience, 'most people' traction, 'construction' technology tag) and lacking specific metrics. The score reflects the high real-world utility and market relevance of the underlying business, heavily penalized by a low quality factor and randomization multiplier due to the unreliable and unprofessional submission data.

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Score Breakdown

Real World Utility+180
Audience Reach Impact+40
Technical Innovation+81
Evidence Of Traction+80
Market Timing Relevance+90
Functional Completeness+2
Subtotal+473
Usefulness Multiplierx0.65 (Applied penalty for submission inaccuracy)
Final Score+308

Project Details

Description
CreditChekis in the Banking Tech Industry
Audience Reach
everyone
Target Users
everyone
Technologies
Banking, Devops, Construction
Traction Evidence
most people have used my product

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