Twig, a London, UK-based company focused on circular economy principles, acquired Vybe Technologies, a provider of teen banking services.
The amount of the deal was not disclosed.
With the acquisition, Twig will expand its market reach. This new transaction follows the recent acquisitions of UK businesses Loopster and Mobi.market.
Founded in 2020, Twig is a fintech company that supports the circular economy, making it an environmentally conscious choice for the consumer. It provides users with cash access, as well as traditional banking service benefits such as a debit card and domestic and international bank transfers.
Commenting on the news, 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.”
FinSMEs
04/01/2023