[Funding alert] Madird-based Supply Chain Fintech Company Twinco Capital Raises €50m in Funding

Under the direction of CEO Sandra Nolasco and COO Carmen Marin, Twinco provides purchase order funding as well as a sustainable supply chain funding solution. The company has funded suppliers in emerging markets with over $250 million.

Read also - Tikehau Capital Launches the New Vintage of Brienne with a First Close at €200 million

With investors like Quona Capital, Working Capital Fund, Mundi Ventures, and Finch Capital, the company is venture-backed. Regarding debt, BBVA Spark will join Zubi Capital and EBN Banco de Negocios, who have been Twinco's primary financial backers from the company's inception.

With a focus on the retail and garment industries, Twinco Capital works with major organisations to provide money to their suppliers worldwide. The business advances up to 60% of the purchase order value upfront, paying the balance upon delivery.

Read also - Madrid-based Galeneo Health Secures €1 million in Funding

The procedure is intended to be an entirely transparent, hassle-free experience that gives suppliers 48 hours of getting cash for their purchase orders. It evaluates the reliability and calibre of the business ties between these major purchasers and their suppliers using machine learning.

The business grows quickly, and it has already added over 150 suppliers from 13 different nations. Twinco Capital was established in December 2019 and has expanded threefold since then, supporting millions of purchase orders and facilitating international trade throughout the pandemic.

About Twinco Capital

After long, Twinco "broke the code" of supply chain finance by offering a solution that incorporates purchase order financing. They assess performance risk by utilising technology and privileged access to data, allowing us to finance global suppliers, big and small, from the time they receive an order for goods until the last invoice is paid.

Read also - Barcelona-based Piper Raises €3 million in Funding

It is a novel approach that helps both buyers and sellers by dramatically lowering financing costs and enhancing supply reliability.