Proof of Usefulness Report

Quinfy

Analysis completed on 2/16/2026

+40
Proof of Usefulness Score
You're In Business

Quinfy is a verifiable background verification company based in India (est. 2019) with approximately 25 employees and ~$450K annual revenue, contradicting the submission's claims of 125 employees and '17000000' market cap (likely ambiguous units or exaggerated). The submission's claim that 'most people have used my product' is demonstrably false for a B2B service. While the company has legitimate regional traction and utility, the submission relies on heavy buzzwords (Blockchain, Robotics) and hyperbolic claims, resulting in a low score due to poor data integrity and lack of verifiable global impact.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+17.50
Audience Reach Impact+3.00
Technical Innovation+3.00
Evidence Of Traction+6.25
Market Timing Relevance+6.00
Functional Completeness+0.25
Subtotal+36
Usefulness Multiplierx1.10
Final Score+40

Project Details

Project URL
Description
With the fundamentals of absolute trust and integrity being its driving forces, Quinfy was conceptualized as a new-age Global Trust Platform and Background Verification company with an aim to pivot and recraft the present background verification strategies/processes and transform the complete employee onboarding experience. At Quinfy, we have pioneered a concept of continuous identity and background verification process through a globally integrated, verified, distributed platform that shall securely and transparently share data between the talent and the employers. Quinfy is leveraging new-gen technology tools and solutions like Artificial Intelligence, blockchain and robotics which enhance security and prevent frauds, machine learning and automation which enables faster processing, and AI and software algorithms that mitigate data risks during the onboarding process. Our belief is that the ability to verify identities, education, backgrounds, work experience, legal and financial records on a secure single digital platform will transform the world of background verification and drive productivity gains and cost efficiency for the companies in the future.

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