Proof of Usefulness Report

Neowise

Analysis completed on 1/26/2026

+352
Proof of Usefulness Score
Certified Problem Solver

Neowise is a verified entity, a Mumbai-based fintech that pivoted from a retail neobank to a B2B debt collection SaaS and was acquired by Decentro in July 2023. However, the project submission is of extremely low quality, containing outdated descriptions ('retail neobank'), verifiable falsehoods ('most people have used my product'), and nonsensical data ('marketcap: null'). While the underlying technology and business model have proven utility and achieved an exit, the disparity between the submission's claims and reality necessitates significant penalties in the evaluation.

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Score Breakdown

Real World Utility+40.0
Audience Reach Impact+25.0
Technical Innovation+30.0
Evidence Of Traction+35.0
Market Timing Relevance+70.0
Functional Completeness+5.0
Subtotal+35.25
Usefulness Multiplierx1.00
Final Score+352

Project Details

Project URL
neowise.money
Description
Neowise is a Mumbai based retail neobank. With a customer-first mindset and a mobile-first approach, we aim to democratize credit for the 359 million Indians that are currently plagued with low loan approval rates by the formal financial services sector. \n\nOur holistic stack of digital financial services products is personalized as per each customer's preference, which means that physically visiting a bank is a thing of the past. If that makes you worry about the level of customer support, know that your Neowise relationship manager will always be accessible at the click of a button. \n\nWelcome to banking from the future!

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