BBVA Spark backs Twinco Capital with new 50 million debt facility to serve growing demand for sustainable supply chain finance
–News Direct–
There is a staggering $2.5 trillion global trade finance gap that mainly affects SMEs in emerging countries, limiting their ability to access new business opportunities. Helping businesses to bridge this finance gap, supply chain fintech Twinco Capital announced on Tuesday, in the sixth edition of the Valencia Digital Summit (VDS), it has secured an additional 50 million facility with BBVA Spark to accelerate growth.
Twinco, one of the few European high-growth fintechs led by women, offers the first sustainable supply chain finance solution in the market that covers purchase order funding and has provided over $250 million in funding to suppliers in emerging markets.
"We are very pleased to support Sandra and Carmen, two entrepreneurs who have reinvented, with Twinco,...
