Proof of Usefulness Report

Firmway

Analysis completed on 1/21/2026

+235
Proof of Usefulness Score
Gaining Momentum

Firmway represents a legitimate B2B fintech solution backed by credible institutions (ICAI, BSE) addressing a genuine problem in audit automation. However, the submission quality is critically low, characterized by unverifiable hyperbole ('most people have used my product', 'audience: everyone') and missing financial data. While the underlying business utility is high, the Proof of Usefulness is severely impacted by the lack of concrete evidence and professionalism in the application.

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Score Breakdown

Real World Utility+140
Audience Reach Impact+10
Technical Innovation+48
Evidence Of Traction+12.5
Market Timing Relevance+60
Functional Completeness+2.5
Subtotal+273
Usefulness Multiplierx0.86
Final Score+235

Project Details

Project URL
firmway.in
Description
Firmway, is a FinTech company with an aim to build scalable products through latest technologies. Our products are helpful to automate function in Account and Finance Team for large organization. During our journey, we have built products which are used in Balance Confirmation, Account Reconciliation, GST Reconciliation, Data management and Communications. We are incubated by ICAI and BSE and based in Bombay Stock Exchange, Fort, Mumbai.\n

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