Proof of Usefulness Report

Finly

Analysis completed on 1/21/2026

+208
Proof of Usefulness Score
Gaining Momentum

Finly (FinlyHQ) is a verifiable B2B fintech startup based in India, offering accounts payable automation. Founded in 2015, the company successfully raised funding and was reportedly acquired (likely by Clear/ClearTax), with a last known valuation of ~$2.8M. While the project has high real-world utility and verifiable traction (exit/funding), the specific submission provided is of very low quality. The submitter ('FrostKeeper') makes exaggerated claims (e.g., audience reach 'everyone', traction 'most people have used my product') which are objectively false for a niche B2B tool. The revenue field incorrectly cites 'marketcap'. The score reflects the legitimate historical merit of the project, significantly penalized for the inaccuracy and unprofessionalism of the submission data.

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Score Breakdown

Real World Utility+85.0
Audience Reach Impact+12.0
Technical Innovation+39.0
Evidence Of Traction+60.0
Market Timing Relevance+30.0
Functional Completeness+1.0
Subtotal+227
Usefulness Multiplierx0.92
Final Score+208

Project Details

Project URL
Description
We are on a mission to transform the Finance Department Team to a Finance Intelligence team, thereby helping businesses gain a competitive edge.\n\nWe believe in:\n\n• Digitalisation of Finance Operations: We believe the next generation of Finance teams would not be spending time on manual work carrying out their day to day finance operations. They would be performing critical tasks of analyzing \u0026 tracking key metrics relevant to the company's growth.\n\n• Building a large product-led business out of India: We envision building a capital-efficient, product led business to achieve our mission. This means constant innovation by collaboration of the product team with finance teams \u0026 banking experts to identify deep-rooted issues in finance departments across multiple industries.\n\n• Diverse \u0026 inclusive teams: We believe a wide variety of backgrounds, experiences \u0026 skillsets leads to diverse perspectives \u0026 high performing teams.

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