Provide chain financing firm Twinco Capital has acquired $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 affords financing to suppliers of enormous companies working in retail and attire. To assist release 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 share after the products have been delivered. The corporate leverages enterprise efficiency and ESG information mixed with machine studying to evaluate and mitigate threat, due to this fact minimizing losses.
“The worth added Twinco is offering to clients stems from the mixture of its distinctive funding answer with enterprise intelligence that gives a holistic overview of provide chain threat,” mentioned Twinco COO Carmen Marin. “Know-how and machine studying present invaluable information insights on business, monetary and ESG suppliers’ efficiency, giving our clients a state-of-the-art provide chain threat administration software.”
BBVA Spark was launched in 2022 as an funding arm to offer enterprise debt and development loans to what it calls “high-impact” firms. The agency presently has greater than 800 shoppers and has facilitated $265 million (€250 million) in financing.
Launched in 2019, Twinco has acquired fairness funds from Quona Capital, Working Capital Fund, Mundi Ventures, and Finch Capital. The corporate works with greater than 150 suppliers positioned throughout 13 totally different international locations. Twinco has grown 3x up to now 4 years.
“We’re more than happy to assist Sandra and Carmen, two entrepreneurs who, with Twinco, have reinvented the best way provide chains are financed on a worldwide scale and who’ve additionally integrated revolutionary environmental and social standards into their provider financing mannequin,” mentioned BBVA Spark Head Roberto Albaladejo.
Photograph by Felix Haumann
