Proof of Usefulness Report

Signzy

Analysis completed on 1/30/2026

+605
Proof of Usefulness Score
Category Standard

Signzy is a prominent Series B fintech company (approx. $13M+ verified annual revenue, 300+ employees) providing critical digital onboarding and regulatory compliance infrastructure to over 70 financial institutions, including top banks like SBI and ICICI. While the actual business traction and real-world utility are exceptionally high—fitting the 'Much larger scale' calibration bucket—the specific submission provided contained lazy, generic, or inaccurate data points (e.g., 'most people have used my product', 'audience reach: everyone'). The score reflects the company's verified high-value market position, significantly penalized by the low quality of the submission evidence.

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Score Breakdown

Real World Utility+230
Audience Reach Impact+136
Technical Innovation+120
Evidence Of Traction+135
Market Timing Relevance+90
Functional Completeness+5
Subtotal+716
Usefulness Multiplierx0.845
Final Score+605

Project Details

Project URL
signzy.com
Description
Our Mission: To Build A Global Digital Trust System\n\nFounded in 2015, Signzy is an AI-based fintech company headquartered in Bengaluru with offices in Mumbai, Delhi, Dubai, and the USA. \nIn a nutshell, we make regulatory processes for banks, NBFCs, and other financial institutions simple, secure, and compliant. \n\nAt Signzy:\n\n1) We utilize the power of AI, we provide onboarding solutions that can be used to perform extraction, verification, forgery detection, background checks, credit checks and many more.\n\n2) Our APIs are wide ranging and have cross-platform compatibility.\n\n3) Our solutions enable bank-grade digital on-boarding in real time, using artificial intelligence.\n\nSignzy’s unique solutions offer 75% cost reduction in customer onboarding and almost 3X increase in business efficiency. Today, Signzy serves over 70 clients including 7 top banks and several large NBFCs in India. We were recently awarded as the Most Innovative Data Solution Provider by IAMAI and were honored as the Fastest Growing Fintech Company Of The Year by Governance.

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