Proof of Usefulness Report

xendoo

Analysis completed on 2/2/2026

+523
Proof of Usefulness Score
Industry Mainstay

Xendoo is a verifiable, Series-A funded fintech company with significant revenue (~$5.5M+) and market presence, far exceeding the 'minimal traction' suggested by the low-quality submission. The project provides high-utility bookkeeping for SMBs. However, the submission itself contained inaccuracies (claiming 'most people' as users, listing 'health-and-wellness' as a technology) and lacked verifiable data, triggering strict quality penalties (0.5x) on Traction and Reach metrics. The final score reflects the strong underlying business reality dampened by the poor evidence provided.

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Score Breakdown

Real World Utility+22.50
Audience Reach Impact+6.50
Technical Innovation+9.00
Evidence Of Traction+11.88
Market Timing Relevance+8.00
Functional Completeness+0.25
Subtotal+58.13
Usefulness Multiplierx0.90
Final Score+523

Project Details

Project URL
Description
All-in-one online bookkeeping and tax solution.\n\nWe digitally reconcile your expenses each week and provide you with financial reports so you have clear visibility of your business’s financial health.\n\nNot only do you have a dedicated bookkeeper, you also have access to a CPA and accountant. This allows us to offer tax consulting and yearly planning to all xendoo customers.

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