Proof of Usefulness Report

N26

Analysis completed on 2/8/2026

+738
Proof of Usefulness Score
Category Standard

The project 'N26' is a verifiable, major European neobank with significant real-world utility and traction (Unicorn status, ~$9B peak valuation, ~8M users). However, the submission quality is exceptionally poor, containing informal language ('BlazeWalker', 'most people have used my product'), hyperbolic claims, and data discrepancies (listing 300M as market cap rather than likely revenue, and conflicting team sizes). Despite the low-quality submission, the entity's established market presence necessitates a high score, albeit penalized for the lack of direct evidence provided in the form.

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Score Breakdown

Real World Utility+238
Audience Reach Impact+152
Technical Innovation+102
Evidence Of Traction+147
Market Timing Relevance+85
Functional Completeness+5
Subtotal+729
Usefulness Multiplierx1.01
Final Score+738

Project Details

Project URL
n26.com
Description
N26 AG is Europe’s leading digital bank with a full German banking licence. Built on the latest technology, N26’s mobile banking experience makes managing money easier, more secure and customer friendly. N26 is headquartered in Berlin with offices in multiple cities across Europe, including Vienna and Barcelona, and a 1,500-strong team of more than 80 nationalities. Founded by Valentin Stalf and Maximilian Tayenthal in 2013, N26 has raised close to US$ 1.8 billion from some of the world’s most renowned investors. Social media imprint and privacy policy: https://n26.com/en-de/social-media-imprint-and-privacy-policy

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