Proof of Usefulness Report

RemitBee

Analysis completed on 1/29/2026

+717
Proof of Usefulness Score
Category Standard

RemitBee is a verified, established Canadian fintech company (est. 2015) with estimated annual revenue of ~$16M and ~80 employees. External search confirms significant traction (3,000+ app store ratings, global reach to 45 countries). However, the submission itself was extremely low-quality, featuring hyperbolic claims ('most people have used my product') and empty fields. The high score reflects the verifiable real-world success and utility of the business, despite the poor application effort.

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Score Breakdown

Real World Utility+225.0
Audience Reach Impact+170.0
Technical Innovation+97.5
Evidence Of Traction+180.0
Market Timing Relevance+80.0
Functional Completeness+2.5
Subtotal+755
Usefulness Multiplierx0.95
Final Score+717

Project Details

Project URL
Description
RemitBee is an online and mobile money transfer company allowing people to send money to family and friends in 45 Countries. Our uniform platform allows people to send money with a few clicks to bank accounts, wallets, mobile top ups, cash pickups and home delivery. Recently we launched RemitBee travel and Bill payments allowing travelers to pickup local currency and managing family bills in over 27 countries.

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