Proof of Usefulness Report

Refyne

Analysis completed on 1/28/2026

+315
Proof of Usefulness Score
Certified Problem Solver

Refyne is a legitimate, high-growth Series B fintech company (India's first Earned Wage Access platform) backed by Tiger Global. However, the submission quality is extremely poor, featuring hyperbolic claims ('most people have used my product'), irrelevant tags ('fitness'), and confused metrics ('all time marketcap' in revenue field). The score reflects the strong underlying business reality dampened significantly by the lack of verifiable evidence and professionalism in the submission data.

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Score Breakdown

Real World Utility+22.5
Audience Reach Impact+10.2
Technical Innovation+6.3
Evidence Of Traction+13.5
Market Timing Relevance+9.5
Functional Completeness+0.25
Subtotal+62.25
Usefulness Multiplierx1.08
Final Score+315

Project Details

Project URL
Description
Refyne partners with organizations to extend on-demand Earned Wage Access (EWA) to their employees. We believe employers play a crucial role in their staff’s financial literacy plan, and providing employees access to their real-time earned salary promotes a stress-free and productive workforce.\n\nRefyne’s one-stop platform enables your employee base to build financial resilience and nurture a favorable work culture. With our plug-and-play technology, employees can see and withdraw their earned salary instead of opting for exploitative payday loans or other high-interest credit schemes.\n\nBecome part of a growing network of employers who reflect an employee-first approach.\n\nWebsite: https://refyne.co.in/\nIndustry: Financial Services\nCompany size: 51-200 employees\nHeadquarters: Bengaluru, Karnataka\nFounded: 2020\nSpecialties:\nIncome Streaming, Earned Wage Access, Employee Benefit, Instant Salary, Employee Management, Payroll Integration, Attendance Management, Working Capital, Financial Wellness, Attrition Management, and On-Demand Salary Access.\n

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