Proof of Usefulness Report

SkipCash

Analysis completed on 1/30/2026

+195
Proof of Usefulness Score
Gaining Momentum

SkipCash is a verified fintech startup based in Qatar, launched in 2018/2019. External search confirms it raised ~$2M (QAR 7M) in seed funding (2021) and had ~32,000 users as of 2022. While the project has real-world traction and utility in its local market, the submission itself was of extremely poor quality (claiming 'everyone' as audience and 'most people' as traction). The score reflects its verified status as a 'Small but promising' regional player (100-250 range), heavily penalized for hyperbolic claims and lack of global scale compared to the calibration reference.

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Score Breakdown

Real World Utility+162.5
Audience Reach Impact+30.0
Technical Innovation+45.0
Evidence Of Traction+70.0
Market Timing Relevance+70.0
Functional Completeness+2.5
Subtotal+380
Usefulness Multiplierx0.51
Final Score+195

Project Details

Project URL
skipcash.app
Description
SkipCash is a digital payment platform that operates through its app, skipcash.app. The company focuses on providing a seamless and secure mobile payment solution that allows users to make transactions without the need for physical cash or cards. By integrating with various merchants and service providers, SkipCash aims to enhance the consumer payment experience by offering convenience, speed, and security. The platform is designed to cater to both individual users and businesses, facilitating easy and efficient financial transactions in a digital-first world.

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