Proof of Usefulness Report

FEGO

Analysis completed on 1/21/2026

+77
Proof of Usefulness Score
You're In Business

Fego.ai is a legitimate, venture-backed fintech startup (raised ~$1.7M) that was acquired by Perfios in September 2023. While the project demonstrates high technical utility and successfully exited via acquisition, the submission itself is of extremely low quality, containing hyperbolic claims ('most people have used my product') and missing critical business data (revenue, acquisition status). The score reflects the project's verifiable real-world value and successful exit, heavily penalized for the lack of credible evidence in the submission input.

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+21.25
Audience Reach Impact+8.0
Technical Innovation+11.25
Evidence Of Traction+20.0
Market Timing Relevance+9.0
Functional Completeness+0.25
Subtotal+69.75
Usefulness Multiplierx1.10
Final Score+77

Project Details

Project URL
Description
Fego.ai is an Open-Banking Product that empowers consumer-facing entities including Banks, NBFCs, Financial Institutions, Consumer Internet Companies to gather actionable, behavioural insights about their users from (aggregated) Banking \u0026 financial transactions and contextually engage their end-users in real-time via insightful and hyper-personalised financial experiences as part of their customer journeys.

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