 Supply chain finance provider Twinco Capital has raised $12 million in new funding, raising the prospect of rapid expansion in its core fashion and retail markets.
Sandra Nolasco, CEO, and Carmen Marín, COO (above), founded the company in 2016, and it benefitted from a $3m funding round in 2021. So far it has onboarded more than 100 suppliers in 12 different countries for buyers in Europe and Latin America. It offers up to 60% or order value at the purchase order stage, especially valuable to smaller suppliers in countries such as Bangladesh, and bases its lending decisions on detailed analysis of the supplier's record with the buyer -including non-financial metrics such as ESG performance. Comments are closed.
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