Proof of Usefulness Report

Solvnex Digital Sdn. Bhd.

Analysis completed on 2/16/2026

+26

Proof of Usefulness Score

You're In Business

Solvnex is a legitimate entity that graduated from the SEEd.Lab accelerator (Petronas/TCS) in 2020/2021. However, verified data indicates minimal traction (~550 freelancers, 20 corporate clients) after 5 years, and Pitchbook lists the company as 'Out of Business' as of October 2025. The submission contains significant red flags, including demonstrably false claims of reaching 'everyone' and 'most people', alongside an ambiguous '17000000 marketcap' figure. The lack of active users and poor response quality result in a low score consistent with a failed or zombie project.

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Score Breakdown

Real World Utility+10.0

Audience Reach Impact+1.5

Technical Innovation+3.6

Evidence Of Traction+3.75

Market Timing Relevance+4.8

Functional Completeness+0.25

Subtotal+23.9

Usefulness Multiplierx1.1

Final Score+26

Project Details

Project URL

solvnex.com

Description

SOLVNEX is a brainchild product of the Social Enterprise Education Lab (SEEd.Lab) Program, an initiative powered by PETRONAS & Tata Consultancy Services (TCS). Our core values are providing quality gig professionals with faster matching time, and a transparent process for businesses and corporate by adopting the rising gig workforce as a new normal which is a cost-saving method to scale the organizations.

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