Proof of Usefulness Report

Namaste credit

Analysis completed on 1/26/2026

+605
Proof of Usefulness Score
Category Standard

Namaste Credit (Opendoors Fintech) is a verified, established fintech player in the Indian SME lending space with significant backing ($10M+ funding, Nexus Venture Partners) and revenue (~$2M verified). While the project itself demonstrates high real-world utility and verified traction, the specific submission provided was of extremely poor quality, containing hyperbolic and inaccurate claims (e.g., 'most people have used my product', 'everyone'). The score reflects the strong underlying business fundamentals discovered through external verification, heavily penalized by the lack of effort in the submission data.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+85.0
Audience Reach Impact+60.0
Technical Innovation+65.0
Evidence Of Traction+64.0
Market Timing Relevance+80.0
Functional Completeness+5.0
Subtotal+67.25
Usefulness Multiplierx0.9
Final Score+605

Project Details

Project URL
namastecredit.com
Description
Gaurav, Lucas and Krishnan had been contemplating to start up for long and had been toying with various ideas. Gaurav had extensively spent time in credit assessment, Krishnan had a legacy of building technology products and Lucas was deeply involved in tech sales, research and analytics. An amalgam of the skill set and experience encouraged the founding team to delve into SME lending space which required a deep understanding of credit and presented a massive opportunity for tech-enablement. The result was founding of Opendoors Fintech in 2014.\nIn March 2018, we raised USD 3.5 million by Nexus Partners as series A funding. The fund infusion was instrumental in scaling our marketing efforts and technology. We currently stand with 70+ lenders and 10000+ channel partners.\nOur values are our identity and our promise. They are the beacons lighting the path through which we usher in the future of financial technology.\nWe believe and practice:\n1. Customer Centricity\n2. Innovation\n3. Integrity

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