Proof of Usefulness Report

Kredily

Analysis completed on 1/24/2026

+289
Proof of Usefulness Score
Gaining Momentum

Kredily is a verifiable, established HRTech startup in India (founded 2017) with significant traction (20,000+ companies, ~$3M funding). While the submission contained poor data quality (e.g., claiming 'everyone' as audience and 'most people' as traction), independent verification confirms a strong market presence and high utility for the SMB sector. The revenue figure provided (66,500,000) likely refers to valuation in INR or is erroneous, as actual annual revenue is estimated around $330k USD (₹2.77 Cr). The project scores well on utility and verifiable traction but is penalized for submission quality and vague claims.

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Score Breakdown

Real World Utility+108.0
Audience Reach Impact+39.2
Technical Innovation+45.0
Evidence Of Traction+68.0
Market Timing Relevance+36.0
Functional Completeness+8.0
Subtotal+304.2
Usefulness Multiplierx0.95
Final Score+289

Project Details

Project URL
kredily.com
Description
At Kredily we are building the next generation platform to serve India's 45 million strong SMB segment. Our freemium model makes HR and Payroll accessible to everyone. The employee-first approach is the core of our disruptive monetisation model of offering financial products to the employees. By providing free HR and Payroll solution to the companies we want to democratise HR Tech and Fintech for Digital India. We are backed by a top VC fund, and have 18000+ companies registered on our platform in a short span of two years. We are a startup that offers an exciting opportunity to build a product that impacts the lives of millions of Indians.

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