Sustainability-focused and self-described “bank of things” Twig is acquiring Vybe, a French neobank for young people.

The teen banking services provider adds to Twig’s recent acquisitions – UK-based Loopster and Mobi.market – and marks the latest step forward in the company’s aim to become “the go-to platform for the Gen Z market”.

The third acquisition marks a move into mainland Europe for Twig following its two UK-based acquisitions, second-hand clothing company Loopster and electronics rental company Mobi.market.

It follows a $35m raise a year ago to support the startup’s expansion into EU and US markets and the rollout of its web3 payment infrastructure, in a Series A round led by Fasanara Capital.

(By Amelia Isaacs)