Twinco Capital Holding B.V.
Status: Proposed investmentWhy disclosure?
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In case of questions
We welcome feedback on this proposed investment opportunity for FMO. The ending of the proposed investment phase is indicated on the right side of this page. In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our prospective customer?
Twinco Capital Holding B.V. (“Twinco”) is a digitally enabled supply chain finance platform that funds the full production cycle from purchase order to invoice for small- and medium-sized enterprise (SME) manufacturers in emerging markets. Twinco is active in around 18 countries, with most exposure in Bangladesh and Pakistan. The company is based in the Netherlands and operates out of Madrid, Spain.
What is our funding objective?
FMO proposes to invest EUR 8 million in a Series B equity round to support Twinco’s growth, including expanding local presence in emerging markets.
Why do we want to fund this investment?
Twinco addresses the finance gap by financing emerging market suppliers earlier than traditional invoice discounting, and by being a bridge to develop market financing cost, reducing suppliers’ funding cost, and improving reliability in global supply chains. Since its inception, Twinco has funded over USD 800 million of orders. FMO’s investment is additional by enabling further expansion and growth of its emerging market supplier bases, and rewarding responsible production practices of these manufacturers.
What is the Environmental and Social categorization rationale?
The proposed investment has an E&S category B in accordance with FMO’s Sustainability Policy. Twinco’s environmental and social (E&S) risks are derived from its exposure to the apparel industry through its portfolio of SME manufacturers in emerging markets, particularly in Bangladesh and Pakistan, including key risks related to labor conditions, health and safety, and working hours in textile and apparel supply chains. Twinco has an Environmental and Social Management System (ESMS) in place, applies an OECD-aligned ESG screening during supplier onboarding, and uses contractual covenants to enforce compliance. It also aims to incentivize sustainable production practices.
- Website customer/investment
- https://www.twincocapital.com/
- Region
- Asia
- Country
- Asia
- Sector
- Financial Institutions
- Publication date
- 11/10/2025
- Deadline for feedback
- 12/10/2025
- Total FMO financing
- EUR 8.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B