Proof of Usefulness Report

Veriff

Analysis completed on 2/1/2026

+844
Proof of Usefulness Score
Unicorn Utility

Veriff is a verified 'unicorn' status company with a valuation exceeding $1.5B and annual revenue surpassing $100M. The project demonstrates exceptional real-world utility as a market leader in identity verification, serving major global clients like Uber and Bolt with hundreds of millions of verifications. While the submission text itself was brief and low-effort (e.g., claiming 'everyone' as the audience), the external evidence of traction, technical sophistication, and market dominance is overwhelming, justifying a score in the highest tier.

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Score Breakdown

Real World Utility+237.5
Audience Reach Impact+190.0
Technical Innovation+135.0
Evidence Of Traction+245.0
Market Timing Relevance+95.0
Functional Completeness+5.0
Subtotal+907.5
Usefulness Multiplierx0.93
Final Score+844

Project Details

Project URL
Description
Veriff delivers market leading identify verification (IDV). With the combined forces of machine learning and expert in-house specialists, Veriff protects businesses and enables good customers to effortlessly verify themselves. AI speeds up sessions with immediate feedback, while manual checks by our verification gurus mitigates the risk of financial crime.

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