Proof of Usefulness Report

Finfellas

Analysis completed on 2/6/2026

+200
Proof of Usefulness Score
Gaining Momentum

Finfellas is a verified B2B fintech event series (Riga, Frankfurt) with legitimate industry partnerships (e.g., Linklaters). However, the project submission itself was of extremely poor quality, containing false claims ('audience: everyone', 'most people have used my product') and lacking specific data. While external search confirms the existence and traction of the business (recurring events, sponsorships), the submission's negligence and hyperbole severely penalized the score. The project falls into the 'Small but promising' category based on verified reality, despite the submission indicating otherwise.

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Score Breakdown

Real World Utility+87.5
Audience Reach Impact+20.0
Technical Innovation+7.5
Evidence Of Traction+75.0
Market Timing Relevance+30.0
Functional Completeness+2.5
Subtotal+222.5
Usefulness Multiplierx0.9
Final Score+200

Project Details

Project URL
Description
As a Finfella you are part of a worldwide and exclusive information & learning network, which will give you an advantage in your field of expertise in the Fintech Industry. A two-day summit of relevant, quality over quantity content, talks, network, and mastermind sessions, and kick-off summer party. See you at Finfellas Riga 2023!

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