Twinco Capital, a fintech that uses advanced supply chain analytics, to provide competitive working capital to emerging market suppliers of large corporates, has raised €3m in equity funding.
The financing was led by Mundi Ventures, the Spanish Venture Capital fund that has a strategic focus in B2B and which is also an investor in Returnly and Clarity AI. Existing shareholders including Finch Capital and several private business angels, supported the round, reflecting the continued trust in the company’s trajectory and potential.
With Mundi Ventures and Finch VC on the equity, and the Spanish investment bank EBN Banco de Negocios, as an anchor debt investor, Twinco is well funded to support its ambitious growth plans.
Founded by Sandra Nolasco (CEO) and Carmen Marin Romano (COO), Twinco Capital is the first company to successfully launch a global supply chain finance solution that includes purchase order funding.
Through seamless integration with large corporates, Twinco funds their suppliers by paying up to 60% of the purchase order value upfront and the remainder immediately upon delivery. Suppliers enjoy a fully digital experience. The funding is available upfront, in one click, once the order is issued and the platform, built by trade finance experts, is fully adapted to the requirements of global companies.
It is a unique model that reduces financing costs and risk for both buyers and suppliers.
“In our view, affordable liquidity to suppliers, available from the beginning of the production cycle, is the holy grail of supply chain finance. It is the key to building competitive and socially responsible supply chains.” says Sandra Nolasco. She adds: Twinco already funded over $10mln of purchase orders for suppliers of European retailers, located in Thailand, Bangladesh, China, Pakistan, South Korea, Turkey, Vietnam, Indonesia and Spain. We aim to impact on a much larger scale and this round will take us a step further to achieving our goal.”
Javier Santiso, founder of Mundi Ventures, highlighted that “Twinco Capital strengthens the relationships between corporations and both large and small suppliers in emerging economies. In an era of stressed supply chains and global competition, maintaining win-win relationships with suppliers and all stakeholders means that multinationals have an edge over competitors and that is invariably reflected in the performance of the companies”.
Financing of the round will be used to fuel the continued expansion of Twinco Capital that already supplies large retailers and their networks of suppliers with affordable working capital.