FinTech Circular Economy Twig has announced the acquisition of Vybe technology, the leading UK youth banking provider. This new development follows the recent acquisitions of UK companies Loopster and Mobi. the market as Twig strives to be the right platform for the Gen Z market.

“We are so excited to be taking this step forward and are confident that it will help us expand our reach to even more customers. With the technology the Vybe team built, we are able to offer our users a more comprehensive suite of services, including teen banking and financial literacy education. This will help us better serve the Gen Z audience and provide them with the tools they need to be successful in their financial lives.”

Twig CEO, Geri Cupi.

Twig said adding Vybe to the company’s portfolio further reinforces its commitment to be a “leader” in the Gen Z market. The latest acquisition also comes about 11 months after Twig raised it. $35 million in Series A round.

This investment has helped the company accelerate the delivery of its green Web 3.0 payments infrastructure and accelerate the rollout of its current suite of financial products. Series A is led by UK fintech specialist Fasanara Capital, backed by undisclosed strategic investors, a group that includes current and former LVMH executives, Valentino, Balmain, Tod’s, Swarovski, L’Oreal, Barclays, Goldman Sachs and Scalapay.

Twig claims to be one of the fastest-growing FinTechs in Europe, boasting 1 million users by October 2022, just 15 months after launch. By emphasizing the principles of the circular economy, the company aspires to have a lasting impact on the industry and provide users with the best products and services available.