Company · Fintech

Twinco Capital

twincocapital.com ↗ ·Madrid ·Series B

Twinco Capital is a Madrid-based fintech providing supply chain finance to suppliers of large corporations, uniquely funding them from the purchase order stage rather than only at invoice — advancing up to 60% of order value upfront and the balance on delivery. It uses proprietary risk intelligence and real-time operational and ESG data to underwrite supplier performance risk in emerging markets, with a focus on textile, apparel and retail supply chains. Founded in 2016 by two women, it raised €165M in June 2026 (a €15M Series B led by Dutch development bank FMO plus a €150M securitisation facility led by Banco Santander), bringing total equity raised to roughly $73M.

Founded

2016

Founders

News

Rounds

Investors

SectorsFintech, Supply Chain Finance, Trade Finance, Embedded Finance, ESG / Sustainable Finance Start-up MapFintech › SME lending & financing

Profile updated 10 Aug 2026

Founders

Carmen Marín

Co-founder & COO

Sandra Nolasco

Co-founder & CEO

Global models

No comparables on record yet.

Investors 8

Finch Capital

www.finchcapital.com ↗

Investor Netherlands

FMO (Dutch Entrepreneurial Development Bank)

www.fmo.nl ↗

Investor Netherlands

Mundi Ventures

www.mundiventures.com

Investor Spain

Quona Capital

quona.com ↗

Investor United States

Working Capital Fund

workingcapitalfund.com ↗

Investor United States

Zubi Capital

zubicapital.com

Investor Spain

Funding rounds 4

Series B · €165M

Purchase-order finance platform raised a €165M package: a €15M Series B led by Dutch development bank FMO (Bankinter joining as strategic in…

2026-06-02

Debt · €50M

Madrid-based supply-chain finance fintech Twinco Capital secured a €50 million debt facility from BBVA Spark to scale its purchase-order and…

2023-10-27

Series A · $12M

Twinco Capital raised $12M — $9M in equity plus $3M in debt (about €11M in total) — led by Quona Capital, to expand its purchase-order-to-in…

2023-01-24

Seed · €3M

Twinco Capital pays suppliers in emerging markets upfront against purchase orders from large brands. It raised €3M led by Mundi Ventures, wi…

2021-02-05

News & media 5

Published	Article
2026-07-28	El ecosistema español supera las 12.000 startups, pero sigue sin crear gigantes tecnológicos ↗ El Español / Invertia Disruptores
2026-06-03	Twinco raises €165mn to scale purchase order finance ↗ Global Trade Review (GTR)
2023-11-16	Twinco Capital to fund $200m in emerging fashion markets in 2024 ↗ Just Style
2023-10-27	Meet a female founded fintech powering sustainable supply chains ↗ FashionUnited
2023-10-27	Madrid-based supply chain fintech Twinco Capital secures €50 million to help SMEs bridge the finance gap ↗ EU-Startups