Proof of Usefulness Report

Tribapay

Analysis completed on 1/31/2026

+352
Proof of Usefulness Score
Certified Problem Solver

Tribapay is a verifiable, legitimate fintech startup in Nigeria founded in 2022, offering digital wallet services, airtime-to-cash conversion, and virtual dollar cards. Independent search confirms the company has achieved profitability (as of late 2022), processed over ₦30bn in volume, and amassed approximately 75,000+ users—significant traction for a regional bootstrap. However, the submission itself is of extremely low quality, containing hyperbolic claims (e.g., 'most people have used my product' and audience reach 'everyone') and lacking specific metrics. The score reflects the strong underlying reality of the business (high utility, proven market fit) significantly penalized by the vague, exaggerated, and lazy submission data.

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+180.0
Audience Reach Impact+35.0
Technical Innovation+60.0
Evidence Of Traction+62.5
Market Timing Relevance+80.0
Functional Completeness+2.5
Subtotal+420
Usefulness Multiplierx0.84
Final Score+353

Project Details

Project URL
Description
The Digital wallet of Africa facilitating peer to peer transactions in Africa and cross borders payments.

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