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Tink was my favorite budget app with automatic connections to my Swedish bank. Until they decided to just close up shop and leave all their users hanging. Now
by INTPenis 5y ago
Tink was my favorite budget app with automatic connections to my Swedish bank. Until they decided to just close up shop and leave all their users hanging.
Now I guess they took all that valuable market data users provided by classifying all their purchases and signed a deal with visa.
Or at least that's one negative assumption I can make as a former happy user of the Tink app.
- leethakssor 5y agoHow have they closed shop if they are still active?
- INTPenis 5y agoThe app Tink gave notice to its users and just closed down. The motivation was basically "we're moving on to other things". This was probably pre-pandemic. What irks me is that I loved the app but also that we the users of the app basically classified purchases that the app couldn't classify itself. So we trained their database on how to classify bank statements into categories. And then they just close down and take all that data with them.
- TX0098812 5y agoI guess it was a "free" app? Everything has a cost.
- JensRantil 5y agoYep, it was free. We tried to monetize it in a few ways but never managed to make it profitable. Also, we loved the app, too!
- arthur_sav 5y agoThey closed the consumer app but the company has pivoted.
- chupchap 5y agoCan you use GDPR and ask them to delete all your data?
- JensRantil 5y agoYes. Tink operates within the EU and is, as such, required to fulfill GDPR.
- arthur_sav 5y agoLast i checked they were building some sort of layer for the EU banking system.