Proof of Usefulness Report

Mynd Fintech

Analysis completed on 2/8/2026

+256
Proof of Usefulness Score
Gaining Momentum

Mynd Fintech is a verifiable subsidiary of Mynd Integrated Solutions (established 2002) with verified FY25 revenue of ~₹4.96 Cr (~$590k USD). The project provides a genuine Supply Chain Finance marketplace for MSMEs. However, the submission quality is critically low, containing false claims ('audienceReach: everyone', 'most people have used my product') and inaccurate metrics ('marketcap: 2500000'). The score reflects the legitimate business value and corporate backing, significantly penalized for the submission's lack of credible evidence and exaggerated claims.

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Score Breakdown

Real World Utility+16.25
Audience Reach Impact+2.00
Technical Innovation+3.60
Evidence Of Traction+6.00
Market Timing Relevance+6.00
Functional Completeness+0.25
Subtotal+34.1
Usefulness Multiplierx0.75
Final Score+256

Project Details

Project URL
myndfin.com
Description
Mynd Fintech is a Digital lending marketplace focused on enabling Supply Chain Finance to Micro, Small and Medium Enterprises (MSME) Vendors and Dealers. As a Digital marketplace, it orchestrates the financing process between the Anchor, MSME Vendors/Dealers and the Banks/NBFCs.

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