Twig, a firm based on circular economy principles, has snapped teen banking services provider Vybe Technolgy for an undisclosed fee.
According to Twig, this new development follows its recent acquisitions of UK businesses Loopster and Mobi.market. It also marks a major milestone for Twig as it strives to become the go-to platform for the Gen Z market.
Twig said that the acquisition of Vybe further solidifies its commitment to being a leader in the Gen Z market. Twig is looking to make a long-term impact on the industry and provide its users with the best products and services available.
Twig is currently the fastest growing fintech in Europe, accounting for 1 million users as of October 2022, only 15 months after its launch.
Twig CEO Geri Cupi said, “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 technology 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.”
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