Proof of Usefulness Report

InDebted

Analysis completed on 1/24/2026

+660
Proof of Usefulness Score
Category Standard

The project submission presents 'InDebted', but the description text describes 'receeve'. External search confirms that InDebted acquired receeve in December 2024, creating a global debt collection platform. While the submission quality is extremely poor (inaccurate claims of 'everyone' as audience and 'most people' as users, lazy data entry), the actual business entity is highly successful. InDebted generates ~$66M USD in revenue, has raised over $100M (Series C), and employs ~350 people. The high score reflects the verifiable real-world success of the business, heavily penalizing the low-quality submission via the Response Quality metric.

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Score Breakdown

Real World Utility+187.5
Audience Reach Impact+120.0
Technical Innovation+105.0
Evidence Of Traction+281.25
Market Timing Relevance+80.0
Functional Completeness+2.5
Subtotal+776.25
Usefulness Multiplierx0.85
Final Score+660

Project Details

Project URL
Description
receeve is the all-in-one collections & recovery platform empowering finance, agents, and customers across all stages of debt. Some of the financial institutions and organisations that trust us include ABN Amro, Solaris, Collector Bank, Grover, Billie, Ferratum, ID Finance, Banxware, ksp Rechtsanwälte, and Fly Now Pay Later. From pre-delinquency to portfolio assignment or sale, get full control across every stage of the credit management value chain: * Build debt collection strategies tailored for credit segments and channels * Test continually to optimise outcomes and increase recovery rates * If needed, sell or assign your portfolio to the right DCA at the right time * Increase ROI by gaining key insights on best-performing profiles and feed this data back into your acquisition strategy Did we mention there’s no need to involve your IT or BI teams? See a 30% average increase in recovery rates in the first two weeks. Integrate data from any system faster and be up and running in weeks with a first-class customer success team. Company receeve was founded in 2019 and is headquartered in Hamburg, Germany, though our team of 60+ is working fully remote. We have recently increased our seed funding from venture capital funds from Seaya Ventures, 14W, & ABN AMRO Ventures. Existing backers, Mangrove, Speedinvest, and Seedcamp participated in the expansion round – bringing our total war chest to more than $18M to accelerate growth throughout Europe and worldwide. Careers We are growing and always on the lookout for talented people. Are you motivated to be a part of something big? Do you have a passion for technology, innovation, customer success, and building sales opportunities from scratch? Do you like to think outside the box to make great things happen? Join us on our journey! > Visit our careers page to see all available openings: receeve.com/careers > For more information about our product, visit us at: info.receeve.com/request

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