VibePay Is Closing: What Happened and Alternatives
The UK fintech VibePay entered liquidation on Feb 24, 2026, after failed Banked acquisition & funding cut. P2P open banking app (250k+ users) ceased ops; withdraw funds via app/bank links by Mar 31 to avoid delays.
Status
Closing On 31 March 2026
Estimated timeline
31 March 2026
Category
Payments app
What is happening?
VibePay, a London-based fintech launched in 2018, pioneered fee-free P2P payments using open banking for instant A2A transfers, social splits, and creator tips—targeting Gen Z with voice payments and e-commerce links. Founder Luke Massie exited Dec 2025; investors incl. Nick Candy (£12m+ raised) stopped funding post-strategic review and collapsed Banked deal. Voluntary liquidation started Feb 24, 2026, with Begbies Traynor as liquidators.
Closure Impact
Serving 250k+ users linking banks for seamless transfers, shutdown halts all services post-Mar 31, 2026. E-money balances need urgent withdrawal; no FSCS coverage means potential long liquidator holds.
What Users Should Do
Transfer funds immediately to linked accounts via app while accessible; contact support or liquidators if issues. Act fast amid UK fintech crunch, as notified via email.
Best alternatives
UK digital bank with instant P2P, pots & budgeting tools.
Fee-free app with quick transfers & savings spaces.
Multi-currency P2P with no UK fees & extras like crypto.
Low-cost global transfers via real rates.
Established P2P for sends, requests & payments.
Free UK number-based mobile payments.
Instant P2P from HSBC app.
Secure phone-linked transfers.
Pay Someone app for quick UK P2P.
Open banking A2A focus, near VibePay acquirer.