- Provide chain financing firm Twinco Capital has obtained $53 million in debt financing from BBVA Spark.
- The funds enhance Twinco Capital’s whole mixed debt and fairness to $71.3 million.
- Twinco Capital works with greater than 150 suppliers and has grown 3x up to now 4 years.
Provide chain finance firm Twinco Capital introduced it has landed $53 million (€50 million) in debt financing. The funds come from BBVA’s BBVA Spark. The funds enhance Twinco Capital’s whole mixed debt and fairness funding to $71.3 million.
The Spain-based firm provides financing to suppliers of huge companies working in retail and attire. To assist liberate working capital, Twinco advances as much as 60% of the order worth inside 48 hours after the retailer locations the order. Twinco then pays the remaining proportion after the products have been delivered. The corporate leverages enterprise efficiency and ESG information mixed with machine studying to evaluate and mitigate danger, due to this fact minimizing losses.
“The worth added Twinco is offering to prospects stems from the mixture of its distinctive funding answer with enterprise intelligence that gives a holistic overview of provide chain danger,” stated Twinco COO Carmen Marin. “Expertise and machine studying present invaluable information insights on industrial, monetary and ESG suppliers’ efficiency, giving our prospects a state-of-the-art provide chain danger administration instrument.”
BBVA Spark was launched in 2022 as an funding arm to offer enterprise debt and development loans to what it calls “high-impact” corporations. The agency at present has greater than 800 purchasers and has facilitated $265 million (€250 million) in financing.
Launched in 2019, Twinco has obtained fairness funds from Quona Capital, Working Capital Fund, Mundi Ventures, and Finch Capital. The corporate works with greater than 150 suppliers situated throughout 13 totally different international locations. Twinco has grown 3x up to now 4 years.
“We’re very happy to help Sandra and Carmen, two entrepreneurs who, with Twinco, have reinvented the best way provide chains are financed on a world scale and who’ve additionally integrated modern environmental and social standards into their provider financing mannequin,” stated BBVA Spark Head Roberto Albaladejo.
Photograph by Felix Haumann