Proof of Usefulness Report

Virtual Adviser

Analysis completed on 2/17/2026

+40
Proof of Usefulness Score
You're In Business

Virtual Adviser is a legitimate South African financial services provider (FSP 51419) offering insurance and investment advice. However, the submission suffers from severe quality issues, including hyperbolic claims ('most people have used my product') and ambiguous financial data. While the business provides a useful real-world service, it operates as a traditional brokerage rather than a high-growth technology startup. The score reflects the validity of the business entity but is heavily penalized for the lack of scalable technical innovation and the exaggerated traction claims in the application.

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+18.75
Audience Reach Impact+2.0
Technical Innovation+2.4
Evidence Of Traction+6.0
Market Timing Relevance+6.0
Functional Completeness+0.5
Subtotal+35.65
Usefulness Multiplierx1.12
Final Score+40

Project Details

Project URL
virtualadviser.net
Description
Virtual Adviser is a fintech company. We are leaders in providing holistic financial advice, detailed health advice and professional legal advice. Virtual Adviser is an authorized Financial Services Provider (Licence 51419) and a Level 1 (135%) BEE company. We serve businesses of all sizes with employee benefits, commercial insurance and risk management. We also serve high net worth individuals and professionals with investment and insurance advice. Our inhouse technology and expertise breaks silos which limit access to the best financial advice. Our financial planners are objective, agnostic to brands, independent and their services are in demand. They hold the CFA, MBA, CFP and CA(SA) credentials and have vast experience. We are waiting to serve you.

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