Proof of Usefulness Report

Wallet Factory

Analysis completed on 2/1/2026

+374
Proof of Usefulness Score
Certified Problem Solver

Wallet Factory is a legitimate, established B2B FinTech company (founded ~2016) with verifiable traction in emerging markets (MENA, LatAm), roughly 50-100 employees, and estimated annual revenue of ~$4M. While the project itself demonstrates high real-world utility and strong traction (exceeding the calibration baseline of HackerNoon), the submission quality was exceptionally poor—containing lazy placeholders ('everyone'), nonsense data ('marketcap: null'), and false user claims ('most people have used my product'). The score reflects the company's strong fundamentals and financial inclusion impact, heavily penalized by the lack of credible evidence provided in the entry.

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Score Breakdown

Real World Utility+112.5
Audience Reach Impact+64.0
Technical Innovation+39.0
Evidence Of Traction+102.0
Market Timing Relevance+32.0
Functional Completeness+1.0
Subtotal+350.5
Usefulness Multiplierx1.07
Final Score+374

Project Details

Description
A FinTech provider of digital wallets for banks and NBFIs across developing markets of MENA, LatAm, and South Africa.

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