Proof of Usefulness Report

KeySIM

Analysis completed on 2/10/2026

+207
Proof of Usefulness Score
Gaining Momentum

The submission contains significant inaccuracies (wrong project name 'SwiftKeeper', hyperbolic 'everyone' audience claim), but external verification confirms 'KeySIM' is a legitimate, growing IoT connectivity business. Established in 2019 by FAELIX Limited, KeySIM has over 10,000 active SIMs, 500+ customers, and verifiable revenue consistent with a ~£2.5M valuation. The technical implementation (MQTT telemetry, private core network integration) is highly innovative for its scale. The score reflects a solid 'Small but promising' business (100-250 range), penalized heavily for poor response quality but boosted by verified real-world utility and technical depth.

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Score Breakdown

Real World Utility+18.75
Audience Reach Impact+1.00
Technical Innovation+12.60
Evidence Of Traction+3.75
Market Timing Relevance+7.00
Functional Completeness+0.50
Subtotal+218.0
Usefulness Multiplierx0.95
Final Score+207

Project Details

Project URL
keysim.co.uk
Description
KeySIM is an incredible IOT SIM card start up created by me, CTO James Adam & our ISP FAELIX Limited. There are other SIM’s out there for sure but none are quite like KeySIM technically or commercially. KeySIM’s get incredible coverage by connecting to any of the 4 UK mobile networks - Vodafone, 02, EE or Three & 406 global networks. Private internet breakout means we offer really niche cyber security features - we do pretty much everything from basic SIM’s for sole traders to complex cyber security modules for big corporates and government. So why is KeySIM so much better than other data SIM’s? - best coverage by combining all networks - PAYG billed monthly - no contracts - no data pools! - instant support 24/7 - fixed IP & IPsec option - remotely switch mobile networks - Monthly rental £4, UK data £0.00375MB EU data £0.005MB www.keysim.co.uk graham.robinson@keysim.co.uk

Algorithm Insights

Market Position
Growing utility with room for optimization
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