Proof of Usefulness Report

FinansHere

Analysis completed on 2/6/2026

+180
Proof of Usefulness Score
Gaining Momentum

FinansHere is a verified fintech subsidiary of Privasia Technology Berhad (Bursa Malaysia listed), incorporated in 2020 to provide Shariah-compliant invoice financing. Search results confirm the entity exists but recent disclosures (Nov 2025) indicate Privasia divested an 80% stake for only RM 400,000 (~$90k USD), implying a much lower valuation than the '2.5M marketcap' claimed. The submission contains significant hyperbole ('most people have used my product', 'audience: everyone') which severely impacts credibility. While the project has verifiable real-world utility as a B2B financial tool, the low exit valuation and poor submission quality result in a low score.

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Score Breakdown

Real World Utility+75
Audience Reach Impact+20
Technical Innovation+30
Evidence Of Traction+37.5
Market Timing Relevance+35
Functional Completeness+2.5
Subtotal+200
Usefulness Multiplierx0.9
Final Score+180

Project Details

Project URL
Description
A fintech subsidiary of Privasia Technology Berhad, an ISO / IEC 20000-1 : 2011 Certified (IT Service Management) company listed in Bursa Malaysia’s ACE Market

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