# Twinco Capital M&O Spain S.L.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/twinco-capital-m-o-spain-s-l

- Industry: Financial Services
- Headquarters: Madrid, Spain
- Website: www.twincocapital.com/
- Total disclosed funding: $29M
- Latest round: Series B (Jun 2, 2026)
- Investors on record: 6

## About

Based in Madrid, Spain, founded in 2016,  Twinco Capital M&O Spain S.L., provides innovative supply chain finance solutions, specializing in purchase order financing to enhance liquidity for suppliers and optimize cash flow in B2B transactions. The company was co-founded by Sandra Nolasco (CEO as of 2026) and Carmen Marin. In June 2026, Twinco Capital M&O Spain S.L. raised EUR 15 million in Series B funding led by Netherlands Development Finance Company (FMO), with participation from Quona Capital, Working Capital Fund, Mundi Ventures, and Finch Capital. The round was part of larger EUR 165 million venture debt and series B funding.

Twinco Capital specializes in providing sustainable supply chain finance solutions, primarily focusing on purchase order financing. Their core offering includes funding suppliers with up to 60% of the purchase order value upfront, with the remainder disbursed immediately upon delivery. This model significantly reduces risk and financing costs for suppliers, enabling them to access affordable liquidity when needed. The company's services cater primarily to large corporates and their suppliers across various industries, facilitating smoother transactions from the purchase order stage to final invoice payment. Twinco Capital operates globally, serving markets in Europe, Asia, and the Americas, ensuring that both small and large suppliers can benefit from their financing solutions without the burdens of traditional financing methods such as letters of credit, collateral requirements, or complex documentation.

Twinco Capital's revenue structure is driven by its innovative financing model, which establishes a seamless transaction process between the firm and its clients. Companies utilizing Twinco's services generally engage in B2B transactions, where large corporates partner with Twinco to extend financial support to their suppliers. The company charges fees associated with the financing provided, which are integrated into the overall transaction costs. By efficiently funding suppliers during critical stages of production, Twinco enhances cash flow for these businesses and strengthens supplier relationships. The pricing plans are tailored to fit the commercial processes of each customer, allowing for flexibility in financial arrangements without disclosing specific amounts or fees associated with individual products or services. This strategic approach positions Twinco Capital as a key player in the sustainable finance landscape, ensuring a steady revenue stream through its diverse customer base.

The company plans to use the June 2026 funding to support its expansion and address the global trade finance gap, particularly for small and medium enterprises in emerging markets.

## Funding rounds

- Series B, Jun 2, 2026, $17M — Netherlands Development Finance Company (FMO), Finch Capital, Quona Capital, Mundi Ventures, Working Capital Fund, Bankinter Investment
- Series A, Jan 24, 2023, $9M — Finch Capital, Quona Capital, Mundi Ventures, Working Capital Fund
- Series A, Jun 25, 2019, $2.9M — Finch Capital

## Investors

- Finch Capital (https://capitalatlas.ai/funds/finch-capital) — Series A, Series B
- Quona Capital (https://capitalatlas.ai/funds/quona-capital) — Series A, Series B
- Mundi Ventures (https://capitalatlas.ai/funds/mundi-ventures) — Series A, Series B
- Working Capital Fund (https://capitalatlas.ai/funds/working-capital-fund) — Series A, Series B
- Netherlands Development Finance Company (FMO) — Series B
- Bankinter Investment (https://capitalatlas.ai/funds/bankinter-investment) — Series B