Proof of Usefulness Report

Mercantile

Analysis completed on 1/6/2026

+570
Proof of Usefulness Score
Industry Mainstay

Mercantile is a verifiable, venture-backed fintech company (Series A, ~$22M raised) offering industry-specific credit cards for SMEs in healthcare and other verticals. While the project itself demonstrates high real-world utility and significant traction through partnerships (e.g., American Optometric Association), the submission data is of low quality. The submitter ('LunarStone') provided inaccurate claims regarding audience reach ('everyone') and traction ('most people have used my product'), necessitating a penalty in the Response Quality and specific metrics. The score reflects the strong underlying business fundamentals of the entity despite the poor submission effort.

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Score Breakdown

Real World Utility+21
Audience Reach Impact+6
Technical Innovation+10
Evidence Of Traction+18
Market Timing Relevance+8
Functional Completeness+0
Subtotal+64
Usefulness Multiplierx0.88
Final Score+570

Project Details

Description
Small businesses make up 46% of the US private sector output, and historically represent 61.5% of new job creation. Mercantile is building new financial products that are specifically designed for these businesses. We start by establishing a deep understanding of our customers and deliver customized solutions that are truly unique. Our products are designed to put money back into the pockets of small businesses so they can focus on serving their customers.
Audience Reach
everyone
Target Users
everyone
Technologies
Banking, Construction
Traction Evidence
most people have used my product

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