Proof of Usefulness Report

Plastiq

Analysis completed on 1/28/2026

+606
Proof of Usefulness Score
Category Standard

Plastiq is a major B2B payment platform with verified historical transaction volume in the billions and over 1 million clients, placing it well into the 'Much larger scale' tier compared to the calibration baseline. However, the score is tempered by two significant factors: 1) The company filed for Chapter 11 bankruptcy in May 2023 and was subsequently acquired, indicating past instability despite high utility. 2) The submission quality is extremely low (e.g., claiming 'most people have used my product'), necessitating significant penalties to Quality Factors. The final score reflects a highly useful, large-scale asset with a low-effort submission.

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Score Breakdown

Real World Utility25)
Audience Reach Impact20)
Technical Innovation15)
Evidence Of Traction25)
Market Timing Relevance10)
Functional Completeness5)
Subtotal+713.5
Usefulness Multiplierx0.85
Final Score+606

Project Details

Project URL
plastiq.com
Description
Plastiq is bill pay with benefits, enabling business owners and consumers to use a credit card for virtually any expense, even ones that normally require a check. With Plastiq, it's easier to earn credit card rewards, tap early-payment discounts, and use your cash in ways that make the most sense for you. Plastiq works with all major credit card providers, including American Express, Discover, Mastercard, Visa, and JCB, and its payments platform has signed up more than one million clients, processing billions in payments for a wide range of expenses, from business supplier payments, to contractors, to taxes and rent. Learn more at www.plastiq.com.

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