Twig raises £25.7m Series A financing led by Fasanara Capital to expand green payment infrastructure.
The Series A round was led by Fasanara Capital with backing from various strategic investors.
Twig operates a circular economy platform that merges financial services with item resale. The company enables users to trade in fashion and electronics for immediate cash.
London based circular economy fintech company Twig has raised £25.7m in a Series A funding round. The investment was led by Fasanara Capital, alongside a group of strategic backers including former and current executives from major luxury and financial institutions. The fresh capital will be deployed to accelerate the delivery of Web 3.0 green payment infrastructure and expand the company suite of financial products into international markets including the US and EU.
Launched in July 2021, Twig has experienced rapid adoption, crossing significant download milestones and gaining traction among younger demographics. The platform combines traditional banking features with instant monetisation of secondhand goods, aiming to reduce landfill waste and promote sustainable consumer habits. The company is also pursuing B Corp certification as part of its environmental mission.
From the founder
"Our mission is to empower our consumers to make conscious choices around sustainability, and simultaneously release wealth in an instant and seamless way, fit for 2022 digitally savvy users. We have spent considerable time understanding both consumer patterns and lifestyle needs of Gen Z and core Millennial audiences and believe we can uniquely cater to their needs and to a wider audience, now internationally. We are thrilled to be able to extend our product offering and be available in both the US and EU this year."
Geri Cupi
Founder and CEO at Twig
Investor perspective
"Fasanara Capital is pleased to be a part of Twig’s next chapter and lead the Series A investment round, in recognition of the company’s incredible growth achieved in such a short period of time. We are excited with Twig’s and Geri’s vision in building the next fintech wave. Fasanara remains committed to Twig’s circular economy mission and proud to support the company and the team in their growth expansion quest."
Francesco Filia
CEO, Fasanara Capital
Use of funds
- 01Continue product development
- 02Expand into international markets