Twinco Capital secures €50m debt facility to bridge trade finance gap


Spanish firm Twinco Capital made headlines as it recently secured a €50m facility with BBVA Spark, aiming to enhance its growth trajectory.

The funding comes as a response to the massive $2.5 trillion global trade finance gap that predominantly impacts SMEs in emerging nations, thereby curbing their potential for tapping into new commercial avenues.

Twinco Capital, distinctively led by female leaders in the European FinTech landscape, pioneers a novel sustainable supply chain finance solution. The company stands out with its unique offering that encompasses purchase order funding. To date, they have extended a commendable $250m in funding, targeting suppliers situated in the budding markets.

The company’s mission revolves around transforming the financing methods of global supply chains. Their distinctive approach integrates innovative environmental and social criteria into their supplier financing model. Roberto Albaladejo, head of BBVA Spark, articulated, “We are very pleased to support Sandra and Carmen, two entrepreneurs who have reinvented, with Twinco, the way supply chains are financed on a global scale.”

With the freshly acquired funds, Twinco envisages bolstering its portfolio’s growth. The capital is anticipated to aid in expanding their customer base and geographical reach. Sandra Nolasco, CEO of Twinco Capital, mentioned, “We are thrilled to partner with BBVA Spark to help customers build truly sustainable and competitive global supply chains.”

Diving deeper into its operational mechanics, Twinco Capital collaborates primarily with large corporations in the retail and apparel domains. They offer expedited funding to these entities’ suppliers across the globe, assuring a transparent and smooth transactional experience. A critical component of their success recipe is their avant-garde risk model, which synthesises the conventional financial risk perspective with business performance and ESG metrics.

Twinco’s innovative approach entails employing machine learning techniques to meticulously gauge the robustness and quality of commercial ties between major buyers and their suppliers.

Reflecting on its journey since its inception in December 2019, Twinco Capital has showcased an impressive growth pattern, multiplying its operations by threefold. Carmen Marin, COO of Twinco Capital, elucidated, “The value added Twinco is providing to customers stems from the combination of its unique funding solution with business intelligence.”

Previously, Twinco has been backed by prominent investors such as Quona Capital, Working Capital Fund, Mundi Ventures, and Finch Capital. On the debt landscape, BBVA Spark is poised to emerge as one of Twinco’s pivotal financial allies, joining ranks with EBN Banco de Negocios and Zubi Capital, both of which have supported Twinco since its genesis.

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