Proof of Usefulness Report

Oval

Analysis completed on 1/27/2026

+46
Proof of Usefulness Score
You're In Business

Oval Money was a legitimate and promising fintech startup (100k+ users) acquired by Guru Capital in 2021 and merged into ETX Capital (later OvalX). However, the standalone app is now effectively defunct/migrated, offering no current utility. The submission itself is of extremely low quality, containing false claims ('most people have used my product'), incorrect data ('Sensor fusion system', likely confused with OVAL Corp), and a pseudonym. The score reflects the historical traction of the entity but is heavily penalized for its current defunct status and the inaccurate, spam-like submission data.

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Score Breakdown

Real World Utility+10.0
Audience Reach Impact+12.0
Technical Innovation+3.0
Evidence Of Traction+20.0
Market Timing Relevance+1.0
Functional Completeness+0.25
Subtotal+46.25
Usefulness Multiplierx1.0
Final Score+46

Project Details

Project URL
ovalmoney.com
Description
Oval revolutionizes the way people manage their finances. Thanks to a smart and intuitive interface, it keeps all aspects of peoples financial life under control in a single, practical app. Free, easy to use, and designed for everyone, Oval helps users to build a solid future whilst leaving them free to enjoy the present.\n\nCo-founded in 2017 by four young entrepreneurs in both London and Turin, Oval is already counted among the forerunners of European fintech. It is an application designed to provide its users with all the tools they need to build their savings organically and according to their own rules. Furthermore, thanks to amazing investment products designed for all budgets, Oval is focused on helping its users achieve full financial all-round financial well-being.\n\nLearn more at http://www.ovalmoney.com

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