Proof of Usefulness Report

MyLead FinTech Private Limited

Analysis completed on 2/8/2026

+134
Proof of Usefulness Score
Gaining Momentum

MyLead FinTech is a legitimate, small-scale financial distributor in India (active since 2020) with verified but modest revenue (~$70k/yr). However, the submission score is heavily penalized due to false claims of mass adoption ('most people have used my product') and a lack of technical differentiation. The project is a standard localized financial agency app, not a high-growth neobank as implied.

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Score Breakdown

Real World Utility+60
Audience Reach Impact+15
Technical Innovation+20
Evidence Of Traction+30
Market Timing Relevance+45
Functional Completeness+20
Subtotal+147.5
Usefulness Multiplierx0.91
Final Score+134

Project Details

Description
Incorporated on November 25th, 2020, MyLead FinTech Private Limited is a new-age NEO bank that caters to the growing needs of our community and an aspirational India, serving both individual & business clients. Since its inception, we are committed to serve as a positive change agent catering to the financial needs of our community. We are driven by our passion to create India’s first ‘True’ Assisted transaction platform which would act as a bridge between millions of Indians and the organized financial system. Through our mobile application ‘FinoBuddy’, we provide various financial and non-financial solutions through our intermediaries and our flagship products. Our goal is to ensure, we reach out to everyone to meet their end financial needs in fastest, safest and most economical way. We believe that, a successful organization is built on four pillars: Principles, People, Policies and Profit. For us, each of these are equally important. We are committed to every stakeholder to ensure our approach rightly highlights our Business Philosophy. The essence of MyLead FinTech Private Limited is encapsulated in its promise by staying compliant and acting within the letter and spirit of the law. The proposition reflects our strong resolve to deliver financial solutions that are “right” for our customers and the society at large.

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