Twig liquidated, joining UK fintechs closing doors – FinTech Futures reports.

February 2, 2024

TLDR: UK-based fintech Twig has gone into liquidation, just two years after raising $35 million in a Series A funding round. The company, which described itself as a “bank of things,” offered a platform that allowed customers to sell unwanted items for cash, as well as offering a carbon offsetting subscription service and a co-branded debit card. Despite attempts to diversify its offering, the company was unable to reverse its fortunes and is now being wound down voluntarily, with debts of around £15.4 million to its creditors.

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