Twig - the fintech that’s on a mission to power the circular economy

by Startacus Admin
The lowdown on fintech startup Twig and its “Bank of Things” enabling users to turn their things into instant cash.
We have written recently about startups helping people to sell or rent their unwanted belongings rather than having them end up in a landfill - startups such as Young Planet and By Rotation, for example. It's clear they're doing their bit to address a huge problem.
In fact, in the last 15 years, €5.82 trillion worth of people's belongings have been simply disposed of, and in the UK alone, households throw away a total of over €14 billion worth of clothing. Much of this clothing, and much of the wider list of possessions, is still perfectly usable and could go to other people instead.
So perhaps what we are missing is an easy way for busy - or lazy - people to sell their stuff with the minimum of hassle and time diverted from their lives.
London-based fintech startup Twig has developed their disruptor bank for this purpose. Billed as a ‘bank of things’, Twig calls itself the next generation of banking, allowing not only a free, normal banking account and Visa debit card you’d tend to expect from a bank, but also a way of turning your things into instant money. It’s simple to use: all you need to do is upload a thing that you no longer want, receive a valuation via AI algorithm and an offer, and sell it for an immediate payout.
Twig is built on the goal of a circular economy and the environmental benefits that come with that. By extending the life of your possessions, you can reduce water, waste, and carbon footprints, immediately becoming a little greener and living a more sustainable lifestyle in one small change. The startup also offers a carbon offsetting subscription, allowing you to offset your carbon footprint further still.
Because of its commitment to sustainability and helping the environment, Twig hopes to join the B-Corp community, and has recently been named one of TechRound’s 2021 Top 50 Fintech companies, as well as one of Sifted’s European Fintech to Watch.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Glasgow-based This is Milk seeks investment for Neve Learning, its cloud-based Ed-Tech platform that has inclusivity and accessibility at its core.

With the UK facing a clear digital skills gap, Amy Caton, Digital Talent and Impact Senior Manager at BT Group shares some insights on what businesses should do to close that divide.

The lowdown on Berlin-based Beazy and its innovative solution that helps teams to plan, produce and deliver creative content and helps businesses to connect with talented content creators.

Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions.

Leading sports marketing platform, OpenSponsorship announces move into music sector, the first new vertical industry for the trans-Atlantic martech business.

Kingussie High School scoops first place for Junior and Senior categories at this year’s Growing Future Assets Competition.

The lowdown on Manchester-based Arctic Shores and its innovative recruitment solution to help candidate potential count as much as skills and experience.

With the demand for tattoo removal now greater than ever, specialist NAAMA Studios makes a bid for a further £11m in funding.

By combining machine-learning with zero-party data, new tool launched by MarTech startup Qudo ends the ‘era of assumption’ for marketers.

Want to be your own boss and earn some money whilst travelling? Here are a few ways to do just that...
Published on: 1st September 2021
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.







- Neurodiverse learning and training platform Neve shares major six-figure investment opportunity 22nd Mar 2023 Glasgow-based This is Milk seeks investment for Neve Learning, its cloud-based Ed-Tech platform that has inclusivity and accessibility at its core.
- Huckletree opens new London hub for tech companies pioneering Web3 solutions 16th Mar 2023 Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions.
- OpenSponsorship making its move into the music sector 16th Mar 2023 Leading sports marketing platform, OpenSponsorship announces move into music sector, the first new vertical industry for the trans-Atlantic martech business.
- Scottish Highlands Home to the Next Generation of Future Female Investors 15th Mar 2023 Kingussie High School scoops first place for Junior and Senior categories at this year’s Growing Future Assets Competition.