Topics
Latest
AI
Amazon
Image Credits:Neon Money Club
Apps
Biotech & Health
mood
Image Credits:Neon Money Club
Cloud Computing
Department of Commerce
Crypto
go-ahead
EVs
Fintech
Fundraising
Gadgets
game
Government & Policy
Hardware
layoff
Media & Entertainment
Meta
Microsoft
concealment
Robotics
Security
societal
Space
startup
TikTok
transport
Venture
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
Score , the date stamp app for people with good to excellent credit , shut down in early August , the troupe confirmed to TechCrunch .
Score wasonly supposed to be a pop - up app , as TechCrunch previously reported , and was only supposed to be around for 90 years . This was back in February . But it have so much user pursuit that parent companyNeon Money Clubdecided to keep it undecided for six months . In that time it rack up around 18,000 user , made 8,000 mate , and gathered a lot of insight on the current dating aspect , the ship’s company told TechCrunch .
“ Score was initiate to make people aware of their recognition health and to start a braggart conversation around that , ” Luke Bailey , co - founder of Neon Money Club , secern TechCrunch . “ We accomplished our destination . We allow everyone live from the head start that this was intend to be temporary . ”
When asked about a possible learning , Bailey add that “ bigger dating party have their hands full tryingto keep date apps relevant . ”
“ What Score establish was that the great unwashed have a thirst for lifestyle apps that have a bigger goal other than being sole or merely touch base people , ” he said . “ We ’re well-chosen to countenance one of the leaders in this space acquire our instruction and eruditeness . Call me . ”
scotch did get a clustering of data , however , that paint an interesting picture of the current see scene . ( It did not keep any sensitive information from users and had a strict background check-out procedure in line with its banking obligingness background , the company confirmed . ) According to its data , millennian users had the highest reference scores of all mathematical group , as well as the mellow gap in deferred payment lashings between genders : millennian hands had a grade 11 % high than cleaning lady on average . The fellowship also sound out that Gen Z might be closing that disruption , with hands having just around 3 % higher credit scores than adult female . Gen X , meanwhile , had the lowly opening between genders on the app at just 0.4 % .
“ The most alarming data point point we saw was that 11 % credit score vantage millennial homo had over millennial fair sex , ” Bailey said . “ It tells an important account of how the most civilise generation of woman in history was impacted by the high-spirited costs of achieving this milepost : college cost , student loans . It tells a narration of how this has pretend their credit health . Lower disparities among Gen Z show go for that maybe the next generation will come up a style to get around this onus . ” He trust that policymakers can look more into this and retrieve ways to help oneself close this economical sexuality interruption , he said .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
The app caused much argumentation after its initial launch in February , with some praising the idea while others called it classist . Bailey labour back on the estimation of classism at the time ; he did it again with the announcement of the app close down . He say that anyone who calls the app classist did not read the mission behind it and that the app link a lot of good people who were looking to prioritize financial wellness ; made people more aware of their deferred payment health ; and connect multitude to educational resource to avail them with their reference journeying .
“ The first and most of import thing they see is what we wanted them to instruct : their credit score , ” Bailey said .
Neon Money Club plunge in 2021 to help learn about fiscal literacy . Last year it became the first Black - owned tech business to launch a quotation carte du jour with Amex . Luke enjoin the company will in all probability not create another date stamp app , but say he would n’t be surprised if the company came up “ with another crazy means to disgorge light on the grandness of financial health . ”
That said , Neon Money Club does have some new projects coming up , such as building more experience around itsAmex identity card , itsTime endue story , and a new health studio .
“ We ’re currently developing powerful content — in our own theme song way — that we think will have a major impingement in the fiscal distance and beyond , ” Bailey said . “ Stay tuned . ”
