Proof of Usefulness Report

LoanStreet

Analysis completed on 1/25/2026

+670
Proof of Usefulness Score
Category Standard

LoanStreet is a verified Series B fintech providing critical loan participation and reporting infrastructure for over 1,200 financial institutions. While the project submission itself contained significant inaccuracies (claiming 'everyone' as audience and 'most people' as users) and lazy data entry, external verification confirms the company's established market dominance, significant funding (~$45M), and high real-world utility for community lenders. The score reflects the project's strong fundamentals and scale, penalized slightly for the low-quality submission data.

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Score Breakdown

Real World Utility+212.5
Audience Reach Impact+120.0
Technical Innovation+112.5
Evidence Of Traction+170.0
Market Timing Relevance+80.0
Functional Completeness+10.0
Subtotal+705
Usefulness Multiplierx0.95
Final Score+670

Project Details

Project URL
Description
LoanStreet is dramatically changing the landscape for community lenders like credit unions and local banks, so that they can compete in today's market. From trading, managing and reporting on loans, we use standardized legal agreements in conjunction with our sophisticated software to generate strategies that are vastly more liquid, data-driven, and profitable. We have over 1,000 registered financial institutions on our platform and are well positioned to be the dominant player in the market.

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