Proof of Usefulness Report

FloatMe

Analysis completed on 1/21/2026

+479
Proof of Usefulness Score
Industry Mainstay

FloatMe is a verified, significant fintech player (Series A, $49M+ funding, millions of users), placing it in the 'Much Larger Scale' calibration tier. However, the project submission itself was extremely poor ('everyone' user claim, 'null' revenue, no evidence), necessitating strict Quality Factor penalties (0.5) on Traction and Reach. Furthermore, external search reveals active FTC regulatory challenges and mixed recent reviews regarding billing practices, which negatively impact the Randomization Factor. The final score reflects a highly successful established business severely penalized for a low-quality submission and regulatory red flags.

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Score Breakdown

Real World Utility+212.5
Audience Reach Impact+90.0
Technical Innovation+90.0
Evidence Of Traction+118.75
Market Timing Relevance+50.0
Functional Completeness+2.5
Subtotal+563.75
Usefulness Multiplierx0.85
Final Score+479

Project Details

Project URL
floatme.io
Description
FloatMe, accessible via its domain floatme.io, is a financial technology company that aims to provide innovative solutions for personal financial management. The company focuses on helping individuals manage their cash flow and avoid overdraft fees by offering small cash advances and budgeting tools. FloatMe's platform is designed to empower users to take control of their finances with ease and confidence, providing them with the necessary tools to track expenses, set financial goals, and improve their overall financial health. Through its user-friendly mobile application, FloatMe seeks to offer a seamless and supportive experience for those looking to enhance their financial stability.

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