Proof of Usefulness Report

Ebana

Analysis completed on 2/7/2026

+352
Proof of Usefulness Score
Certified Problem Solver

Ebana is a legitimate, venture-backed Saudi fintech (raised ~$2.66M, ~23 employees) providing equity management and governance SaaS. The project has high real-world utility and strong market timing within the Saudi Vision 2030 ecosystem. However, the submission quality is extremely poor, containing false claims ('most people have used my product'), incorrect categorization ('Package/Freight Delivery'), and lazy descriptions ('everyone'). The score is heavily penalized by these data quality issues despite the underlying business's verifiable value.

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Score Breakdown

Real World Utility+175
Audience Reach Impact+30
Technical Innovation+90
Evidence Of Traction+62.5
Market Timing Relevance+80
Functional Completeness+2.5
Subtotal+440
Usefulness Multiplierx0.8
Final Score+352

Project Details

Project URL
Description
Ebana provides and operates equity management, investors relations, and investment operations digital solutions, whereby entities can benefit from a state of the art equity management solution, and various investor-based digital services to enable a shareholder in a company to participate in virtual general assembly utilising e-voting technology, obtain authenticated shares certificates that proves its equity ownership, and sell or transfer his/her shares using built-in smart contracts with immediate reflection of such transfer in the relevant company shareholders registrar. Further, a company can use ebana’s technology as SaaS, or it can outsource investor relations function to ebana so that to elevate their businesses and enable them to focus on core value. By Leveraging on technology, regulatory and IR know-how, ebana runs an innovative & secure cloud-based solutions, backed by strong operation processes and support.

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