Key Takeaways
- • Twinco Capital closed €165 million in combined funding comprising a €15 million Series B led by FMO and a landmark €150 million securitisation facility, significantly expanding its capital base for European growth.
- • The Madrid-based supply chain fintech secured an additional €50 million debt facility from BBVA Spark, demonstrating institutional confidence in its trade finance model and sustainable supply chain finance approach.
- • Twinco addresses a $2.5 trillion global trade finance gap by providing SME suppliers with upfront funding of up to 60% of purchase order value, with the remainder paid upon delivery to anchor customers in retail and apparel sectors.
- • Co-founded and led by women (CEO Sandra Nolasco and COO Carmen Marín), the company has deployed over $250 million in funding to suppliers in emerging markets since 2019, using machine learning and ESG data analysis to assess lending risk.
- • The combined €165 million raise positions Twinco to accelerate customer acquisition, expand into new geographies, and scale its sustainable supply chain finance solution across Europe.
Summary
Twinco Capital, a Madrid-based supply chain fintech, has secured €165 million in combined funding to accelerate its growth and expand its trade finance model across Europe. The funding comprises a €15 million Series B round led by FMO alongside a landmark €150 million securitisation facility—a significant validation of the company's business model and market opportunity. Additionally, Twinco secured a €50 million debt facility from BBVA Spark, BBVA's technology financing arm, further strengthening its capital position.
The company operates a sustainable supply chain finance platform that bridges a critical funding gap for small and medium-sized enterprises (SMEs). Twinco works with large anchor customers in the retail and apparel sectors, providing their suppliers with upfront financing of up to 60% of purchase order value, with the remainder paid upon delivery. Since its founding in 2019 by co-founders Sandra Nolasco (CEO) and Carmen Marín (COO), Twinco has deployed over $250 million in funding to suppliers based in emerging markets, addressing the estimated $2.5 trillion global trade finance gap that disproportionately affects small suppliers in developing economies.
Twinco's competitive differentiation lies in its proprietary risk assessment methodology, which leverages machine learning models to evaluate borrower financial health and environmental, social, and governance (ESG) performance—making it the first sustainable supply chain finance solution marketed with this integrated approach. CEO Nolasco emphasized that partnerships with "like-minded" financial institutions such as BBVA enable the company to tackle systemic challenges in trade finance at scale. The €50 million debt facility from BBVA Spark is specifically allocated to support portfolio growth, expanding both the number of customers and geographic reach across Europe.
The funding announcements reflect strong institutional appetite for fintech solutions addressing market infrastructure gaps in emerging markets trade finance. With €165 million in capital secured, Twinco is positioned to significantly expand its customer base, increase lending volumes, and penetrate new European markets while maintaining its focus on sustainable supply chain finance for underserved supplier ecosystems.
The company operates a sustainable supply chain finance platform that bridges a critical funding gap for small and medium-sized enterprises (SMEs). Twinco works with large anchor customers in the retail and apparel sectors, providing their suppliers with upfront financing of up to 60% of purchase order value, with the remainder paid upon delivery. Since its founding in 2019 by co-founders Sandra Nolasco (CEO) and Carmen Marín (COO), Twinco has deployed over $250 million in funding to suppliers based in emerging markets, addressing the estimated $2.5 trillion global trade finance gap that disproportionately affects small suppliers in developing economies.
Twinco's competitive differentiation lies in its proprietary risk assessment methodology, which leverages machine learning models to evaluate borrower financial health and environmental, social, and governance (ESG) performance—making it the first sustainable supply chain finance solution marketed with this integrated approach. CEO Nolasco emphasized that partnerships with "like-minded" financial institutions such as BBVA enable the company to tackle systemic challenges in trade finance at scale. The €50 million debt facility from BBVA Spark is specifically allocated to support portfolio growth, expanding both the number of customers and geographic reach across Europe.
The funding announcements reflect strong institutional appetite for fintech solutions addressing market infrastructure gaps in emerging markets trade finance. With €165 million in capital secured, Twinco is positioned to significantly expand its customer base, increase lending volumes, and penetrate new European markets while maintaining its focus on sustainable supply chain finance for underserved supplier ecosystems.
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