Proof of Usefulness Report

Vitse Tech

Analysis completed on 2/17/2026

+42
Proof of Usefulness Score
You're In Business

Vitse Tech is a verifiable B2B insurtech company in Nigeria with a legitimate suite of products (Vitse Broker, Micro-Insure, etc.) and a functioning website. However, the submission quality is critically low, containing significant hyperbolic and factually incorrect claims (e.g., audience is 'everyone' and traction is 'most people have used my product'). External data (Tracxn) indicates the company is early-stage and unfunded with low market visibility, contradicting the implied scale. The revenue/market cap figure provided is ambiguous and unverified. The score reflects a real project heavily penalized for poor data quality and exaggerated claims.

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Score Breakdown

Real World Utility+75
Audience Reach Impact+20
Technical Innovation+60
Evidence Of Traction+30
Market Timing Relevance+70
Functional Completeness+10
Subtotal+40.75
Usefulness Multiplierx1.03
Final Score+42

Project Details

Project URL
Description
Vitse Tech is a software development company dedicated to developing the technology that will drive the growth of the finance and insurance industry in Nigeria. Through our Software as A Service (SaaS) approach, we are providing the necessary technology to digitally transform the operations of insurance and finance businesses including agency management, sales, procurement, accounting, and audit.

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