Proof of Usefulness Report

Paidiem

Analysis completed on 1/27/2026

+274
Proof of Usefulness Score
Gaining Momentum

Paidiem is a verifiable, funded Canadian fintech company (raised ~$3.75M CAD in 2021) offering Earned Wage Access (EWA) and workforce management solutions. However, the project submission itself is of extremely low quality, containing false claims ('most people have used my product', 'everyone') and lacking specific data. The score reflects the legitimate business potential and funding traction, heavily penalized for the poor quality and inaccurate claims in the submission.

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Score Breakdown

Real World Utility+93.75
Audience Reach Impact+20.00
Technical Innovation+30.00
Evidence Of Traction+81.25
Market Timing Relevance+70.00
Functional Completeness+2.50
Subtotal+297.5
Usefulness Multiplierx0.92
Final Score+274

Project Details

Project URL
paidiem.com
Description
Paidiem is a fintech startup that is revolutionizing the payment processes of contract and freelance workers. Our platform is trusted by our clients and customers to provide access to their earnings on their terms. We support the contingent workforce by offering on-demand payment and other financial products to improve their financial wellbeing and alleviate their administrative burdens. \n\nWe believe that a great attitude leads to great results, and are looking for people who are bold, tenacious, like to have fun and get it done. We uphold a fast-paced and energizing work culture and seek like-minded team members. \n

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