Proof of Usefulness Report

Flanks

Analysis completed on 1/21/2026

+615
Proof of Usefulness Score
Category Standard

Flanks is a verified, high-traction WealthTech company based in Barcelona with ~$12M estimated revenue and €26M+ in funding. While the project itself serves 100+ financial institutions and manages substantial assets ($39B+), the submission quality was abysmal. The user provided false claims ('everyone', 'most people have used my product') and zero evidence, necessitating significant penalties (0.5 Quality Factor) on the Traction and Reach metrics. The high final score reflects the undeniable verified utility and scale of the underlying business, despite the poor submission effort.

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Score Breakdown

Real World Utility+225.0
Audience Reach Impact+85.0
Technical Innovation+127.5
Evidence Of Traction+118.75
Market Timing Relevance+90.0
Functional Completeness+2.5
Subtotal+648.75
Usefulness Multiplierx0.95
Final Score+615

Project Details

Project URL
https://www.flanks.io
Description
Flanks is a portfolio data aggregator. Flanks connect to any bank of the world and extract the investment information available. Flanks not only extract data but standardize and enrich it. \n\nThe data returned by Flanks enables our clients to have a holistic vision of the user's wealth. And thought reflects in portfolio optimization and user portfolio customization. Flanks is a data innovation concept in Spain but we are to expand to other countries.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
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