FinTech Startup Twinco Capital Raises $12M to Expand Supply Chain Finance Platform — Retail Technology Innovation Hub

Twinco Capital, a global supply chain financing solution covering the manufacturing cycle from purchase order to final invoice payment, has closed a $12 million equity and debt round.

The investment was led by Quona Capital, and included participation from Working Capital, as well as existing investors Mundi Ventures and Finch Capital. Zubi Capital provided the venture debt portion.

The funds will be used to accelerate the company’s expansion within the major purchasing countries and strengthen technology and data capacity, especially in relation to ESG.

Twinco Capital says it is on a mission to reduce the world’s estimated $1.7 trillion trade finance gap, which disproportionately affects small and medium-sized companies in emerging countries and hinders their ability to access business opportunities and grow.

Through its solution, the company engages with large companies, mostly in the retail and apparel sectors, and offers financing to its suppliers worldwide, advancing up to 60% of the purchase order value upfront and paying the rest on delivery.

The Amsterdam and Madrid-based FinTech was founded in 2019 by Sandra Nolasco (CEO), a banker and trade finance specialist with a career spanning over 20 years in major European commercial banks, and Carmen Marín (COO), who has over 16 years of management experience in both equity investments and project financing at Banco Santander.

“Twinco is focused on a significant pain point in the massive and underpenetrated market that is supply chain finance,” says Monica Brand Engel, co-founder and managing partner of Quona.

“We have been incredibly impressed by the strength of this founding team and its business model, and we are excited to be part of their journey to provide much-needed and affordable supply chain financing to help responsibly drive the financial gains of suppliers in emerging markets . . .

“If we are to have competitive and socially responsible supply chains on a global scale, suppliers need access to affordable financing from the very beginning of production, from the purchase order,” says Nolasco.

“Extraordinary events, such as those experienced in recent years, have exposed the fragility of supply chains, historically unable to adapt to the complexity of global production networks.”

“We propose a radical change in how finance is used as a tool to proactively transform global supply chains, to promote the participation of SMEs, improve efficiency and ensure responsible procurement practices.”

“Twinco’s ambitious mission can only be achieved by bringing together all relevant parties: buyers, suppliers and investors,” says Marin.

“In this way, Twinco is a catalyst for change. With our new funding, we will expand our geographical scope and data capacity.”

“We are also very excited to launch the very first sustainable indigenous supply chain financing program, Twinco ESG Tilt, where business intelligence is directly linked to advantageous procurement and financing terms.”