Proof of Usefulness Report

Minerva RegTech

Analysis completed on 2/3/2026

+249
Proof of Usefulness Score
Gaining Momentum

Minerva RegTech Tapūi is a legitimate New Zealand-based startup providing AML/CFT compliance solutions, likely operating as a reseller or integrator of third-party tech (e.g., Credas). However, the submission itself is of very poor quality, containing demonstrable falsehoods (claiming 'most people' have used the product and an audience of 'everyone'). While the market sector (RegTech) is relevant and the utility is real, the lack of verifiable proprietary innovation and the exaggerated traction claims in the submission significantly lower the score. Confusion with the larger, Toronto-based 'Minerva AI' is possible but the submitted URL points specifically to the smaller NZ entity.

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Score Breakdown

Real World Utility+52
Audience Reach Impact+10
Technical Innovation+24
Evidence Of Traction+5
Market Timing Relevance+70
Functional Completeness+5
Subtotal+27.1
Usefulness Multiplierx0.92
Final Score+249

Project Details

Project URL
https://minervaregtech.com/
Description
At Minerva Regtech Tapūi, we're a pioneering SaaS startup specialising in cutting-edge solutions for Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT). We harness the power of artificial intelligence and machine learning to deliver seamless identity verification processes with unmatched accuracy. Furthermore, our integration with the Global Entity Identifier System (GLEIS) enhances our compliance capabilities, enabling us to offer tailored solutions for over 230 countries worldwide. Additionally, our technology supports verification in 150 languages, ensuring comprehensive coverage across diverse linguistic landscapes.

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