Twig
“Can a resale-powered e-money account become the default consumer bank for Gen Z?”
Founded2020
HQLondon, United Kingdom
Total raised$35M+ (Series A)
Latest roundSeries A, January 2022
IndustryFintech / Consumer banking
The story
Twig launched in the UK in 2021 as a Gen Z-focused e-money account that lets users instantly cash out physical items (clothes, electronics, luxury goods) they resell to Twig, blending a neobank with a resale/circular-economy engine. The Series A in early 2022 was pegged to US and EU expansion. Public footprint since then has been thin — evidence available in this pass does not confirm continued operation of the consumer app at scale, and there is a separate MENA-focused 'TWIG Finance' entity (Dubai, DFSA-regulated) offering savings-goal / Save-Now-Buy-Later infrastructure that may or may not be the same brand.
Last 12 months
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Product timeline
2020
Founded in London targeting Gen Z / younger millennials with an e-money account· banking
2021
Launched UK service — instant cash-outs on fashion and electronics resale· banking
2022
Raised $35M Series A led by Fasanara Capital; announced US and EU expansion plans· funding
Regulated entities
1
regulatory licence held by Twig
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
0 layers disclosed in Twig’s embedded-finance stack
Accounting gap: none