PowerCred

PowerCred is a legitimate, venture-backed fintech startup based in Singapore, despite the low-quality submission data. External verification confirms they raised ~$1.1M (Pre-Series A) and process over 1 million documents quarterly for lenders in Southeast Asia. The project uses Small Language Models (SLMs) for intelligent document processing, solving a genuine problem in SME lending (underwriting unbanked businesses). However, the submission itself contained false claims ('everyone', 'most people have used my product') and garbage data, resulting in significant penalties to the Traction and Reach quality factors. The score reflects a promising B2B technology company hampered by a poor submission entry.