Proof of Usefulness Report

FloQast

Analysis completed on 1/21/2026

+740
Proof of Usefulness Score
Category Standard

FloQast is a verified 'unicorn' with over $100M ARR and a $1.6B valuation (Series E), demonstrating exceptional product-market fit in the accounting automation space. Despite a low-quality submission (containing inaccurate metadata like 'space-technology' and 'everyone'), the project's verifiable traction, significant team size (~600+), and widespread enterprise adoption drive a high score. Penalties were applied to Response Quality and Technical Innovation due to the poor data entry in the submission form, but the entity's real-world utility and verified success dominate the evaluation.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+230.0
Audience Reach Impact+136.0
Technical Innovation+90.0
Evidence Of Traction+245.0
Market Timing Relevance+90.0
Functional Completeness+5.0
Subtotal+796
Usefulness Multiplierx0.93
Final Score+740

Project Details

Project URL
Description
FloQast is the leading provider of accounting workflow automation created by accountants for accountants. By automating common accounting workflows and helping to streamline and make them more efficient, FloQast is the place where accounting teams want to work so they can focus on what matters most, even when that’s just going home on time.\n\nGreetings From FloQast!\nThe shift from “nice to have” to “necessity” for close management software like FloQast was on full display in 2020. As accounting teams worked remotely, the demand for tools to streamline their virtual processes spiked. At FloQast, business development reps watched controllers go from calling it “FloQuest” to blocking an hour of their CFO’s calendar for a demo in less than 15 minutes. In multiple instances, sales closed within the same day. Headed into 2023, FloQast has no plans to slow down.\n\nFloQast is fast growing and fueled by the success and passion of our employees. Our company values are defined and driven by employees, and we are fanatic about creating and maintaining a fabulous culture of support and success for everyone. Rated a Best Place to Work in LA six consecutive years is a testament to the culture of inclusion and support we’ve created. With headquarters in Los Angeles, CA, a satellite office in Columbus, OH and numerous remote positions, we are hiring!

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