Proof of Usefulness Report

Fello

Analysis completed on 1/21/2026

+251
Proof of Usefulness Score
Gaining Momentum

Fello is a legitimate, high-traction fintech project in India, backed by Y Combinator (W22) and holding verified funding of ~$5.5M (Series A). External verification confirms over 1 million registered users and a unique 'GameFi' savings model. However, the submission itself contained low-effort, hyperbolic responses (e.g., 'most people have used my product', 'audience: everyone'), which heavily penalized the Reach and Traction scores despite the project's actual real-world success. The low revenue relative to user base (~$150k FY24 vs 1M users) and poor submission quality keep the score in the 'Small but Promising' range, slightly below established brands like HackerNoon.

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Score Breakdown

Real World Utility+25.5
Audience Reach Impact+8.0
Technical Innovation+10.5
Evidence Of Traction+11.25
Market Timing Relevance+9.0
Functional Completeness+0.5
Subtotal+259
Usefulness Multiplierx0.97
Final Score+251

Project Details

Project URL
fello.in
Description
Fello is making finance and saving fun, exciting and rewarding! We are a game-based savings app where users earn gaming tokens for every rupee saved and invested in digital gold. Using these gaming tokens, users can play fun in-house games and win rewards up to Rs.25000 every week! Fello has nearly 500,000+ users and is backed by Ycombinator, Entrepreneur First and some of the best Angels and VCs and is also one of the IIM-Ahmedabad CIIE incubated companies.

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