Proof of Usefulness Report

paerpay

Analysis completed on 1/27/2026

+306
Proof of Usefulness Score
Certified Problem Solver

Paerpay is a legitimate, venture-backed fintech company (approx. $5M funding, $2M estimated revenue) providing contactless payment solutions for restaurants. Despite the low-effort submission containing exaggerated claims (e.g., 'most people have used my product'), external verification confirms strong market traction, valuable partnerships (e.g., Acrelec), and a highly relevant product for the post-pandemic hospitality industry. The score reflects strong fundamentals and utility, penalized slightly for the poor quality of the submission data.

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Score Breakdown

Real World Utility+85.0
Audience Reach Impact+48.0
Technical Innovation+42.0
Evidence Of Traction+80.0
Market Timing Relevance+36.0
Functional Completeness+1.0
Subtotal+292
Usefulness Multiplierx1.05
Final Score+307

Project Details

Project URL
paerpay.com
Description
Paerpay uses Software to help retail merchants drive revenue more efficiently (get more from operating hours and existing personnel) by rapidly enabling new contactless payment standards without new hardware or changing existing payment architecture. Launched in May 2020, Paerpay is helping merchants nationwide and doesn't require merchants to change their point-of-sales (POS) systems or card processors. In addition, our solution doesn't need an app while it helps foster a merchant customer community. Paerpay is powering the future of contactless payments.

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