Proof of Usefulness Report

Velexa

Analysis completed on 2/1/2026

+264
Proof of Usefulness Score
Gaining Momentum

Velexa is a verifiable, revenue-generating B2B WealthTech company with ~$5M annual revenue and ~40 employees, offering embedded investing APIs to banks and fintechs. However, the project submission itself is of extremely low quality, containing false claims ('most people have used my product', 'audience: everyone') and incorrect data (Name: IronRider). The score reflects the strong underlying business reality (high Utility/Traction) heavily penalized by the 'Quality Factor' due to the submission's lack of evidence and accuracy. While the company operates at a scale comparable to established brands, the submission failure drags the score into the 'Small but promising' tier.

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Score Breakdown

Real World Utility+85.0
Audience Reach Impact+24.0
Technical Innovation+45.0
Evidence Of Traction+45.0
Market Timing Relevance+36.0
Functional Completeness+1.0
Subtotal+236
Usefulness Multiplierx1.12
Final Score+264

Project Details

Project URL
Description
Velexais in the Investment 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