TL;DR:
- BBVA Spark invests €50 million in Twinco Capital, a pioneering fintech in sustainable supply chain finance.
- Twinco Capital, led by women entrepreneurs, offers innovative solutions covering purchase order funding and has provided over $250 million to suppliers in emerging markets.
- Twinco’s investors include Quona Capital, Working Capital Fund, Mundi Ventures, and Finch Capital, while BBVA Spark becomes a key financial partner.
- Twinco Capital’s transparent, hassle-free funding process supports suppliers worldwide within 48 hours.
- The company’s unique risk model combines traditional financial risk assessment with machine learning and ESG data.
- Twinco Capital has rapidly grown, serving 150+ suppliers in 13 countries since its December 2019 launch.
Main AI News:
In the realm of European high-growth fintechs, Twinco Capital stands out as a beacon of innovation and sustainability. Led by visionary entrepreneurs Sandra and Carmen, this dynamic duo has not only reimagined global supply chain financing but has also seamlessly integrated pioneering environmental and social criteria into their supplier financing model.
Roberto Albaladejo, the head of BBVA Spark, expresses his enthusiasm for this remarkable venture: “We are very pleased to support Sandra and Carmen, two entrepreneurs who, with Twinco, have reinvented the way supply chains are financed on a global scale and who have also incorporated innovative environmental and social criteria into their supplier financing model.“
BBVA Spark, known for its robust client base of over 800 businesses, has facilitated an impressive €250 million in financing within just one year of operation. Now, as they join hands with Twinco Capital, their presence in the fintech landscape is set to expand even further.
Twinco Capital’s impressive roster of investors includes names like Quona Capital, Working Capital Fund, Mundi Ventures, and Finch Capital. On the debt side, BBVA Spark emerges as a pivotal financial partner, aligning its mission with that of Twinco Capital.
Sandra Nolasco, the CEO of Twinco Capital, underscores the significance of this partnership: “We are thrilled to partner with BBVA Spark to help customers build truly sustainable and competitive global supply chains. It is only by partnering with this caliber of like-minded financial institutions that we will be able to address large-scale challenges like the one Twinco has set out to solve: closing the trade finance gap. This facility will support the company’s portfolio growth, expanding both the number of customers and geographies.”
Twinco Capital’s unique value proposition revolves around engaging with large corporations, primarily in the retail and apparel sectors, and offering funding to their suppliers across the globe. The company advances up to 60% of the purchase order value upfront, ensuring suppliers receive the remainder upon delivery, all within a transparent, hassle-free 48-hour process.
However, what truly sets Twinco Capital apart is its innovative risk model. In addition to traditional financial risk assessment, the company leverages cutting-edge machine learning to evaluate the quality and strength of commercial relationships between buyers and suppliers. This holistic approach incorporates business performance and ESG data, creating a robust supply chain risk management tool.
The rapid growth of Twinco Capital is undeniable, with over 150 suppliers across 13 different countries already integrated into its ecosystem. Since its launch in December 2019, the company’s growth has been nothing short of meteoric, supporting global trade even during the pandemic and funding millions of purchase orders.
Carmen Marin, the COO of Twinco Capital, emphasizes the unique value proposition offered by the company: “The value added Twinco is providing to customers stems from the combination of its unique funding solution with business intelligence that provides a holistic overview of supply chain risk. Technology and machine learning provide invaluable data insights on commercial, financial, and ESG suppliers’ performance, giving our customers a state-of-the-art supply chain risk management tool.”
Conclusion:
BBVA Spark’s substantial investment in Twinco Capital underscores the growing importance of sustainable supply chain finance in the market. This partnership not only supports Twinco’s expansion but also highlights the potential for innovation and environmental consciousness in the financial sector. As businesses increasingly prioritize sustainability, Twinco’s unique approach positions it well for continued success in the evolving landscape of supply chain financing.
