Proof of Usefulness Report

iPiD

Analysis completed on 1/24/2026

+722
Proof of Usefulness Score
Category Standard

iPiD (International Payment Identity) is a verified, high-traction fintech infrastructure company based in Singapore. Founded in 2021, the company has raised ~$8.6M (Seed/Pre-Series A) and employs ~52 people. Key partners include MoneyGram, Thunes, and Emirates NBD. The project addresses a critical global problem (cross-border payment failure/fraud) with excellent market timing due to upcoming VoP regulations in Europe. While the submission itself was low-quality (using the handle 'SwiftClaw' and hyperbolic claims), the underlying project is highly valuable and validated by external data.

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Score Breakdown

Real World Utility+237.5
Audience Reach Impact+160.0
Technical Innovation+127.5
Evidence Of Traction+225.0
Market Timing Relevance+95.0
Functional Completeness+2.5
Subtotal+847.5
Usefulness Multiplierx0.85
Final Score+722

Project Details

Project URL
Description
iPiDis in the Digital Remittance Industry

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