Dutch-Spanish fintech Twinco Capital has closed €165M in combined funding, a €15M Series B led by FMO and a landmark €150M securitisation facility led by Banco Santander.
The Santander-backed securitisation is the first of its kind globally: institutional capital structured around purchase order finance, a financing stage the industry had long considered too early and too operationally complex to securitise.
Twinco has processed over $1B in transactions since 2019 with zero losses, the track record that made the securitisation possible.
Trade finance has spent two decades digitising the invoice. Twinco Capital decided to go further upstream, to the moment a purchase order is issued, before a single item is made. That bet just attracted €165 million and the backing of Banco Santander, one of the largest banks in the world.
Sandra Nolasco, co-founder and CEO, and Carmen Marin, co-founder and COO, founded Twinco Capital in 2016. The company is dual-headquartered in Amsterdam and Madrid and employs 44 people. It is co-founded and led entirely by women – a rare configuration at the institutional deal-making level of trade finance.
