Scaffold Wants To Bring Financial Advice To The People Who Need It Most
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Financial advisory services often aren’t targeted at the people at the lower end of the economic spectrum — and arguably, those are the folks who really need money advice the most.
That’s where Scaffold, an app built over the past 24 hours at the TechCrunch Disrupt NYC Hackathon, wants to help out. Scaffold aims to be a financial advisory platform that can give actionable insights to lower income users who are particularly vulnerable to financial risk, such as people just coming out of homeless shelters or single mothers who are coming out of battered women shelters.
It’s a somewhat more serious-minded app than you might expect to come out of an overnight hackathon, so it’s not as fully baked as others launching here today: Scaffold’s creators Gabe Kneisley and Kevin Wolkober told me that at the moment the app does not actually let you fill in your financial information, since they haven’t had the time to make sure it’s completely secure. But it’s fun to see a big idea that’s aiming to have an important impact taking root here in a matter of hours.
I talked to Kneisley and Wokober backstage, and you can watch that in the video embedded below.
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