Proof of Usefulness Report

Tipsoi

Analysis completed on 1/31/2026

+260
Proof of Usefulness Score
Gaining Momentum

Tipsoi is a legitimate, verifiable HRTech company in Bangladesh with significant traction (1,000+ B2B clients, $800k verified funding). While the project submission itself was of extremely poor quality (false claims of 'everyone' using it, missing data), the underlying business has high real-world utility, solving biometric attendance and payroll challenges in developing markets. The score reflects the verifiable success of the product (Inovace Technologies) rather than the low-effort submission.

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Score Breakdown

Real World Utility+85.0
Audience Reach Impact+40.0
Technical Innovation+42.0
Evidence Of Traction+80.0
Market Timing Relevance+32.0
Functional Completeness+1.0
Subtotal+280
Usefulness Multiplierx0.93
Final Score+260

Project Details

Project URL
Description
Tipsoiis in the HRTech 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