Proof of Usefulness Report

CrossBorder Payments Limited

Analysis completed on 2/6/2026

+242
Proof of Usefulness Score
Gaining Momentum

Marx is a verifiable, CBSL-licensed fintech app in Sri Lanka active since 2020 (5+ years). While the submission is poor (claiming 'everyone' as the audience and 'most people' as users), external search confirms legitimate operations, merchant adoption (30+ billers), and industry awards (National ICT Awards). The project has genuine utility as a financial aggregator but competes in a crowded local market. The score is buoyed by its regulatory status and longevity but capped by the exaggerated user reach claims and lack of unique technical differentiation.

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Score Breakdown

Real World Utility+75.00
Audience Reach Impact+15.00
Technical Innovation+37.50
Evidence Of Traction+60.00
Market Timing Relevance+37.50
Functional Completeness+5.00
Subtotal+230
Usefulness Multiplierx1.05
Final Score+242

Project Details

Project URL
Description
Connect all your cards/accounts, make payments & track your finances with marx. There is more to about money than knowing how to earn it. There’s more to your life than paying bills. Marx is the first and only app in Sri Lanka to give you total control over your earning, saving, maximizing and spending money.

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