Supply chain finance (SCF) fintech Twinco Capital announced on Tuesday, in the sixth edition of the Valencia Digital Summit (VDS), it has secured an additional €50m facility with BBVA Spark to accelerate growth.
"We are very pleased to support Sandra and Carmen, two entrepreneurs who have reinvented, with Twinco, the way supply chains are financed on a global scale by incorporating innovative environmental and social criteria into their supplier financing model" explains Roberto Albaladejo, head of BBVA Spark, an initiative that has more than 800 clients and facilitated €250m in financing in just one year of operation.
Twinco is a venture-backed business, with investors such as Quona Capital, Working Capital Fund, Mundi Ventures, Finch Capital. On the debt side, BBVA Spark will become one of Twinco’s key financial partners and joins EBN Banco de Negocios who has been supporting the company from its inception, and Zubi Capital.
