Proof of Usefulness Report

Vodeno

Analysis completed on 2/3/2026

+610
Proof of Usefulness Score
Category Standard

Vodeno is a legitimate, high-value Banking-as-a-Service (BaaS) provider, recently acquired by UniCredit (along with Aion Bank) for approx. €370M. The project possesses massive real-world utility, verified traction, and sophisticated blockchain/cloud-native technology. However, the submission itself is of extremely low quality (likely a bot or unauthorized scraper), containing false claims ('everyone', 'most people'), invalid contact details, and zero supporting evidence. The score reflects the high intrinsic value of the verified entity, heavily penalized by low Quality Factors due to the poor submission data.

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Score Breakdown

Real World Utility+225
Audience Reach Impact+90
Technical Innovation+127.5
Evidence Of Traction+142.5
Market Timing Relevance+90
Functional Completeness+2.5
Subtotal+677.5
Usefulness Multiplierx0.90
Final Score+610

Project Details

Project URL
https://vodeno.com
Description
Vodeno is a leading European Banking-as-a-Service provider that combines its proprietary blockchain-based, cloud-native platform with services based on the ECB banking licence of partner, Aion Bank. Together, Vodeno/Aion are uniquely positioned to offer comprehensive embedded financial services for banks, lenders and merchants across multiple sectors. Covering all areas of the banking ecosystem, from ‘smart contract enabled’ core banking to accounts, onboarding, payments, cards, investment and lending solutions, Vodeno/Aion offer the ability to meet the demands of regulation while enabling innovation at speed. Vodeno is backed by global private equity firm Warburg Pincus, with additional investors NatWest Group and EBRD (European Bank for Reconstruction and Development).

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