Proof of Usefulness Report

Solvent

Analysis completed on 2/3/2026

+285
Proof of Usefulness Score
Gaining Momentum

Solvent (solvent.io) is a legitimate seed-stage fintech company (founded 2019) addressing a critical gap in cannabis industry banking and compliance. However, the project submission is of extremely low quality, containing false claims regarding audience reach ('everyone') and traction ('most people have used my product'). While the verifiable market utility and technical timing are strong, the score is significantly penalized by the lack of credible evidence in the submission and the apparent stagnation since the 2019 seed round.

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Score Breakdown

Real World Utility120 (Weighted)
Audience Reach Impact10 (Weighted)
Technical Innovation75 (Weighted)
Evidence Of Traction25 (Weighted)
Market Timing Relevance80 (Weighted)
Functional Completeness0 (Weighted)
Subtotal+310
Usefulness Multiplierx0.92
Final Score+285

Project Details

Description
Solvent, a compliance-driven fintech company is transforming the way financial institutions manage risk and comply with regulations by enabling greater oversight, visibility, and accountability among its customers through an innovative SaaS platform that automates compliance and monitors financial activity in real-time.

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