Proof of Usefulness Report

Fig Tech

Analysis completed on 1/24/2026

+290
Proof of Usefulness Score
Gaining Momentum

Fig Tech is a verified US Treasury-recognized CDFI and B Corp with legitimate historical traction (~$4.7M funding, >$6M loans). However, the submission quality is extremely low, containing false claims ('most people', 'marketcap: 2500000') and lacking specific details. While the project has high real-world utility for the underbanked, conflicting data on its current active status ('Deadpooled' in some databases vs. active website) and the poor submission result in a lower score despite the brand's established history.

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Score Breakdown

Real World Utility+187.5
Audience Reach Impact+16.0
Technical Innovation+48.0
Evidence Of Traction+40.0
Market Timing Relevance+60.0
Functional Completeness+2.5
Subtotal+354
Usefulness Multiplierx0.82
Final Score+290

Project Details

Project URL
figtech.com
Description
Fig Tech’s mission is to unlock the potential of deep subprime consumers by providing paths to financial stability. Fig uses proprietary data to develop risk models and operations technology to reduce the cost of providing financial services. Our core values as we go about this mission are: Mission Everything, Follow Through, Integrity over Optics, Operational Excellence, Educate and Empower, and Make Things Better. We're the first fintech to be both B Corp certified and a US Treasury recognized Community Development Financial Institution (CDFI), which means we serve majority lower income communities in the US.

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