Proof of Usefulness Report

Sika Health

Analysis completed on 1/30/2026

+372

Proof of Usefulness Score

Certified Problem Solver

Sika Health is a legitimate Seed-stage fintech company ($6.2M raised from Forerunner Ventures) addressing a high-utility problem (FSA/HSA payment integration). However, the submission quality is extremely poor (generic/false claims like 'most people have used my product'), and recent search data indicates the loss of a major partner (Oura). The score reflects strong market potential and verified funding, heavily penalized for a low-effort submission and negative traction signals.

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Score Breakdown

Real World Utility+187.5

Audience Reach Impact+20.0

Technical Innovation+97.5

Evidence Of Traction+31.25

Market Timing Relevance+75.0

Functional Completeness+2.5

Subtotal+413.75

Usefulness Multiplierx0.9

Final Score+372

Project Details

Project URL

sikahealth.com

Description

Sika connects merchants with millions of customers who've already paid. Our proprietary payment technology unlocks transactions worth $360bn per year by enabling consumers to redeem their FSA/HSA and health plan wallets at any retailer. \n\nWe are backed by world-class investors including Forerunner Ventures, Shine Capital, and Ulu Ventures with $6.2M in seed funding. \n\nOur advisors include the co-founders of Plaid and former CTO of Klarna. \n\nWe are now building our founding team of product design, engineering, and sales leaders to unlock this world-first product.\n\nGet ready to Buy Now - You've Already Paid!

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