Proof of Usefulness Report

Fintech Nexus

Analysis completed on 1/21/2026

+28
Proof of Usefulness Score
You're In Business

The project 'Fintech Nexus' (formerly LendIt) filed for Chapter 7 bankruptcy in June 2024 and has ceased operations, following the sale of its events business to Fintech Meetup in 2023. The submission contains factually incorrect claims (e.g., audience is 'everyone', 'most people have used my product') and fails to acknowledge the company's dissolution. The project currently lacks viability.

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Score Breakdown

Real World Utility+10.00
Audience Reach Impact+5.00
Technical Innovation+5.00
Evidence Of Traction+10.00
Market Timing Relevance+5.00
Functional Completeness+5.00
Subtotal+40
Usefulness Multiplierx0.70
Final Score+28

Project Details

Project URL
Description
We are a niche Fintech media company. Our products are in-person and virtual events, news, podcasts, white papers, webinars and credentialed education courses.

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