Proof of Usefulness Report

Lulo bank

Analysis completed on 1/25/2026

+582
Proof of Usefulness Score
Industry Mainstay

Lulo Bank is a verifiable, high-impact digital financial institution in Colombia with over 1 million users and significant backing (IHC, Gilinski). While the project fundamentals (utility, traction, reach) justify a high valuation, the submission itself was of low quality, featuring vague claims ('everyone', 'most people') and informal data entry. The score reflects the project's strong market reality (Unicorn status, >$200M funding) penalized by the lack of verifiable evidence provided directly in the submission.

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Score Breakdown

Real World Utility+237.5
Audience Reach Impact+128
Technical Innovation+112.5
Evidence Of Traction+125
Market Timing Relevance+85
Functional Completeness+5
Subtotal+693
Usefulness Multiplierx0.84
Final Score+582

Project Details

Project URL
lulobank.com
Description
Lulo Bank is a digital financial institution that operates primarily through its online platform, lulobank.com. The company focuses on providing innovative banking solutions that cater to the needs of modern consumers who prefer managing their finances through digital means. Lulo Bank offers a range of services including savings accounts, personal loans, and other financial products, all accessible via their user-friendly mobile app and website. The bank emphasizes convenience, security, and customer-centric service, aiming to simplify banking processes and enhance the overall financial experience for its clients.

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