Proof of Usefulness Report

Tenet Fintech

Analysis completed on 1/31/2026

+14
Proof of Usefulness Score
You're In Business

The submission for Tenet Fintech contains critical discrepancies and red flags. While the entity exists as a publicly traded company (Tenet Fintech Group Inc.), it is currently in severe financial distress with revenue collapsing from reported highs to ~$2.8M amid massive net losses (~$60M) and regulatory Cease Trade Orders. The submission's claim that 'most people have used my product' is demonstrably false, as the platform caters to a niche B2B market (SMEs) and has limited adoption. Furthermore, the company faces serious allegations regarding the legitimacy of its past assets (e.g., Heartbeat platform) and has been delisted from major exchanges. The provided market cap ($5.6M) reflects a >90% loss in value. The submission quality is extremely poor, lacking detail and relying on hyperbolic, unverifiable claims.

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+5.00
Audience Reach Impact+1.00
Technical Innovation+1.50
Evidence Of Traction+2.50
Market Timing Relevance+2.40
Functional Completeness+0.00
Subtotal+12.4
Usefulness Multiplierx1.13
Final Score+14

Project Details

Project URL
Description
Tenet Fintechis in the Banking Tech Industry

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