Twinco Capital, a global supply chain finance company that manages the production cycle from purchase order to final invoice payment, has successfully raised $12 million in an equity and debt funding round.
The investment was led by Quona Capital, with participation from Working Capital and existing investors Mundi Ventures and Finch Capital. Zubi Capital provided the venture debt portion of the financing.
Founded in 2019 by seasoned bankers Sandra Nolasco and Carmen Marín, the Amsterdam and Madrid-based company focuses primarily on the fashion and retail sectors. Twinco collaborates with large corporations, mainly in retail and apparel, to offer funding solutions to their suppliers worldwide, advancing up to 60% of the purchase order value upfront and settling the remainder upon delivery.
Twinco has established programs for European and Latin American retailers that purchase over $10 billion annually in manufactured goods, predominantly from SMEs in emerging markets. The company has onboarded more than 100 suppliers from 12 countries, including Bangladesh, China, Pakistan, South Korea, Turkey, Thailand, Vietnam, Indonesia, and Spain.
The firm leverages a machine learning-based risk model to assess the quality and strength of commercial relationships between buyers and their suppliers. Twinco collects data at the intersection of commercial, financial, and ESG performance from thousands of manufacturers involved in these supply chains.
Nolasco commented, “Extraordinary events, such as those experienced in recent years, have revealed the fragility of supply chains, which have historically struggled to adapt to the complexities of global production networks. At Twinco, we advocate for a radical shift in how finance is utilized to proactively transform global supply chains, enhance SME participation, improve efficiency, and ensure responsible sourcing practices.”