Twig provides an e-money account and Visa debit card that gives Gen Z and younger millennials instant cash-outs by buying users’ secondhand fashion and electronics and handling resale. The product tokenizes assets and offers instant valuations, free shipping, and resale handling with quality checks; unsellable items are upcycled, recycled, or donated as a last resort. Twig is not a bank (its accounts are e-money accounts) and currently offers accounts only in the U.K. It reports roughly 250,000 users, 100,000+ monthly app downloads and has reached sixth place in the iOS App Store’s top finance apps. The company is expanding its product toward Web3 features and digital collectables, seeking to enable tokenization and tradeability of physical goods. Twig is pursuing B Corp certification (pending, with anticipated full status in Q1) and says it offsets carbon related to its operations and shipping.

Total raised

$35M

Funding rounds

1

Latest round

Series A

Latest activity

Jan 2022