Gig apps that shut down: what happened to Oxygen, Moves, and Steady
Gig income records · 1099 tools · mileage tracking · tax set-aside
Kronos is an iOS money app for gig workers and freelancers. KronosPay LLC is a financial technology company, not a bank or lender. When a gig-focused app shuts down or exits banking, the money and the records are two different problems. This page covers both.
Why this happens
The gig-fintech wave has been thinning out. Oxygen notified customers their deposit accounts were closing in March 2024 and pivoted to insurance — users described flagged accounts, stranded funds, and refund checks that arrived looking “fake”. Moves Financial quietly shut down in April 2024; its Trustpilot page (2.1★) documents closures mid-gig-work with earnings stranded and “security reasons” stonewalling. Steady shut down in spring 2025, leaving users with un-cashed income-booster rewards. The sector-level backdrop — the Synapse fintech collapse that froze thousands of accounts in 2024 — made the same point at scale: when the app and the money live in the same fragile company, both go down together.
What to do about it
- If an app announces a shutdown: withdraw or transfer balances immediately — don't wait for the final deadline, when support queues are longest.
- Export statements, earnings summaries, and tax documents before access ends.
- Chase stranded funds in writing (support, then the partner bank if a fintech, then your state regulator) and keep every ticket number.
- Rebuild your income records from bank statements and gig-platform earnings pages so tax season doesn't depend on a dead app's export.
- Structure going forward: earnings land at a bank you chose; records live in an app whose job is organization, not custody.
Income records, mileage, receipts, 1099 tools, and tax set-aside.
If you're switching apps anyway
Kronos is built for exactly that split: it records gig income, receipts, mileage, and 1099 documents, tracks payment requests and transfers, and holds a set-aside percentage for taxes — without ever being the place your money lives. KronosPay LLC is a financial technology company, not a bank.
Gig income records · 1099 tools · mileage tracking · tax set-aside
Frequently asked questions
Is Oxygen bank gone?
Oxygen exited banking: deposit accounts were closed in March 2024 and the company pivoted to insurance products. Trustpilot reviews from the wind-down describe flagged accounts and disputes over remaining funds.
What happened to Moves Financial?
Moves Financial, a gig-worker banking and advance app, shut down around April 2024. User complaints center on mid-work account closures and stranded earnings.
What happened to the Steady app?
Steady shut down in spring 2025. Its income-booster rewards program was the main casualty — users reported un-cashed balances and slow-or-silent payouts before the end.
How do I protect myself when a gig app shuts down?
Three habits: keep earnings at a bank you choose, export records on a schedule, and treat any rewards balance or perk you can't immediately cash out as temporary.
General educational information only; not financial, tax, legal, or investment advice. App behaviors and pricing change — verify current details on the official product page.