Proof of Usefulness Report

TranZact

Analysis completed on 1/31/2026

+228
Proof of Usefulness Score
Gaining Momentum

The submission for 'TranZact' presents a significant identity conflict. The URL (letstranzact.com) and description belong to a legitimate Series A-funded Indian SME digitization platform (verified ~20k businesses, backed by Tribe Capital). However, the metadata provided (founded 1997, insurance marketing, 1500+ team) describes a completely different US-based company, 'Tranzact'. Due to this severe inaccuracy and low-effort claims (e.g., 'most people have used my product'), the project is heavily penalized for response quality and reliability. The score reflects the high real-world utility of the verified SME platform, dampened by the critical errors in the submission data.

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Score Breakdown

Real World Utility+21.25
Audience Reach Impact+5.00
Technical Innovation+4.50
Evidence Of Traction+8.75
Market Timing Relevance+8.50
Functional Completeness+0.25
Subtotal+48.25
Usefulness Multiplierx0.95
Final Score+228

Project Details

Project URL
letstranzact.com
Description
We are on a mission to digitize millions of Indian SMEs so they can grow better.\n\nAt TranZact, it all begins with a WE, including this description :)\n\nCulture and Technology are the two foundations on which TranZact thrives. We believe that these are by far the best tool to solve any problem! \n\nBeing simple in our design and communication has been our secret sauce to success. This enables us to enjoy this amazing journey, like there is no finish line.\n\nOur Culture comprises of three major parts:\n1) Being uncomfortably transparent in our communication\n2) Being obsessed with Data\n3) Work flexibility but with responsibility\n\nWe know where we want to be and are backed by Tier 1 Global Investors. Hence, we are well-equipped with capital and a passionate team, to continue our growth and product journey.\n\nCurrently, we are hiring for multiple roles (Marketing, Product, Ops, Tech). If you feel you are up for an amazing adventure and lots of learning with this rocket-ship, check out our job postings and apply!\n\nHoping to see you on the other side :)

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