Proof of Usefulness Report

Theecode

Analysis completed on 2/18/2026

+195
Proof of Usefulness Score
Gaining Momentum

Theecode (Theecode Technologies Private Limited) is a verifiable IT services and product company established in 2019 with a team of ~40 employees (Tracxn verified), contradicting the claimed 125. While the project demonstrates real-world utility through its 'SayShop', 'Glenzy', and 'Ascertn' vertical SaaS offerings and generates verifiable revenue (~$300k USD/year), the submission is heavily penalized for misleading claims. The user stated 'most people have used my product' and claimed a '$75M market cap' despite revenue being a fraction of that. The project fits the 'Small but promising' tier (100-250) based on actual business fundamentals, but the low response quality and exaggerated metrics prevent a higher score.

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Score Breakdown

Real World Utility+100
Audience Reach Impact+32
Technical Innovation+45
Evidence Of Traction+37.5
Market Timing Relevance+40
Functional Completeness+2.5
Subtotal+257
Usefulness Multiplierx0.76
Final Score+195

Project Details

Project URL
theecode.xyz
Description
Theecode enables Businesses and Enterprises with bespoke technology solutions Globally. With implementations across US,Latam,Europe, MENA and APAC regions, We specialize in Fintech, BFSI, Payments, Healthcare, IoT, ECommerce and Retail domains. Our Product offerings are powered by No-Code and AI SayShop Commerce: Launchpad for SMBs and Merchants DIY Website Builder Campaign Management POS with Order Management & Tracking Merchant Management Loyalty Management Glenzy Lending: DIY Lending Software - Solar,Auto,Mortgage,Healthcare,Debt,BNPL Payments Management Cards Management Ascertn TPRM: Third party risk management made easy for Enterprises and Third parties with Inherent Risk Scoring with template based questionnaire builder Automated Risk Assessments covering over 20 Supply Chain Domains Automated Risk Remediation

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