Proof of Usefulness Report

Spinwheel Solutions

Analysis completed on 1/30/2026

+392
Proof of Usefulness Score
Certified Problem Solver

Spinwheel is a verified, high-growth fintech providing embedded debt APIs, having raised ~$30M (Series A) with 15M+ connected users. Despite a low-quality submission containing vague claims ('most people have used my product'), external validation confirms substantial market traction, strong backing (QED, F-Prime), and significant utility in the consumer debt space. The score reflects the high real-world value of the business, penalized for the poor quality of the provided evidence.

Ready to Compete for $150k+ in Prizes?

Move this data into a HackerNoon blog draft to become eligible for your share of $150k+ in cash and software prizes

View All Reports

Score Breakdown

Real World Utility+112.5
Audience Reach Impact+64.0
Technical Innovation+63.8
Evidence Of Traction+95.0
Market Timing Relevance+47.5
Functional Completeness+1.3
Subtotal+384.1
Usefulness Multiplierx1.02
Final Score+392

Project Details

Project URL
Description
Spinwheel Solutions, accessible through their domain spinwheel.io, is a company that specializes in providing innovative financial technology solutions. They focus on creating tools and platforms that help individuals and businesses manage their financial obligations more effectively. Spinwheel Solutions aims to simplify the complexities of financial management by offering user-friendly interfaces and data-driven insights. Their services often include debt management, financial planning, and personalized financial advice, leveraging technology to empower users to make informed financial decisions. The company is committed to enhancing financial literacy and accessibility, making it easier for users to navigate their financial journeys.

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