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C2FO RECEIVES STRATEGIC INVESTMENT FROM CITI VENTURES

Published by Gbaf News

Posted on January 30, 2016

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Unique dynamic discounting marketplace attracts Citi Ventures to join list of prominent investors

C2FO, the world’s largest market for working capital, announced today that Citi Ventures is its newest investor. Citi Ventures joins a world-class list of C2FO investors including Temasek, Union Square Ventures, Mithril Capital, Tiger Global, Summerhill Venture Partners and OpenAir Equity Partners.

C2FO is the first working capital market in the world. Its ability to create a seamless match between A/R and A/P has enabled efficiency in the riskless provisioning of working capital between suppliers and buyers. Suppliers can take control of their cash flow, while buyers can increase EBITDA and gross margin and earn a better return on short-term cash while improving the financial health of their supply chains.

Citi Ventures’ investment will support C2FO’s continued growth as it seeks to expand its offerings and capabilities globally. C2FO enables collaboration between buyers and suppliers in a real-time marketplace to discover the unique price for early payment that’s profitable for both.

Citi Ventures makes strategic investments in dynamic startups and accelerates its portfolio companies’ ability to scale through collaboration with Citi’s global businesses and industry experts.

“C2FO’s rapid global growth demonstrates the value of solutions that promote a healthier supply chain,” said Arvind Purushotham, Managing Director & Co-Head of Venture Investing at Citi Ventures. “We’re excited to support C2FO’s highly efficient marketplace that simplifies and optimizes cash flow for businesses.”

“In the last year, C2FO has opened offices in Germany, Singapore, Hong Kong and India to support our expansive global network of buyers and suppliers,” said Sandy Kemper, C2FO Founder and Chief Executive Officer. “Citi Ventures is an important, strategic investor that brings deep relationships and a global network that will continue to speed our growth.”