In a noteworthy move for the fintech world, Madrid’s Twinco Capital recently secured a massive €50 million in debt from BBVA Spark, marking a significant step towards their mission of bridging the finance gap for SMEs. What makes this even more remarkable? Twinco Capital is one of the rare rising fintech firms in Europe helmed by women, offering a pioneering sustainable supply chain finance solution.
Roberto Albaladejo, at the helm of BBVA Spark—a commendable initiative boasting over 800 clients and an impressive €250 million in financing within its debut year—expressed his enthusiasm on this collaboration. He praised the visionary entrepreneurs, Sandra and Carmen, for their game-changing approach to global supply chain financing. According to him, Twinco’s model is distinctive, blending groundbreaking environmental and social benchmarks into their supplier financing framework.
Supported by prestigious backers like Quona Capital, Working Capital Fund, Mundi Ventures, and Finch Capital, Twinco Capital has been building a solid reputation. With BBVA Spark’s recent involvement, they’re adding another heavyweight to their corner, alongside existing supporters EBN Banco de Negocios and Zubi Capital.
Sandra Nolasco, the dynamic CEO of Twinco Capital, shared her optimism regarding this partnership. In her words, “Aligning with top-tier financial institutions like BBVA Spark is paramount for confronting monumental challenges. Our goal? Bridging the vast trade finance void. This new funding will bolster our portfolio, broadening both our customer base and geographical reach.”
At its core, Twinco Capital is all about fostering a thriving global supply chain. They primarily collaborate with giants in the retail and apparel domains. The firm extends financing to these behemoth’s suppliers scattered globally. How does it work? Twinco advances an impressive 60% of the purchase order value right off the bat. The balance gets settled upon successful order delivery. Their model emphasizes efficiency and transparency—suppliers get their purchase order funding within a swift 48-hour window.
The secret sauce behind Twinco’s success? It’s their unparalleled risk model. Twinco doesn’t just bank on traditional financial risk viewpoints. They’ve embedded a potent mix of business performance metrics and ESG data. The cherry on top? They employ machine learning to meticulously gauge the integrity and robustness of the commercial ties binding these mammoth buyers and their suppliers.
Reflecting on their journey, Twinco’s growth trajectory has been nothing short of meteoric. The firm boasts ties with over 150 suppliers dotted across 13 distinct nations. From its inception in December 2019, Twinco has witnessed an explosive threefold growth. Despite the challenges of a global pandemic, they’ve consistently championed global trade, financing countless purchase orders.
In a world where finance dynamics are continually evolving, Twinco Capital stands out, infusing innovation with sustainability. With their recent funding and a steadfast commitment to their mission, the sky’s the limit for this Madrid-based fintech powerhouse.
