Fintech

Softbank backs C2FO for SEA, Australia expansion

Famous venture capital fund places bet on supply chain financing shaking up working capital management for good.

Last week, C2FO obtained fresh funding worth $200 million from Softbank’s Vision Fund, a famous $100 billion venture fund that has backed disruptive internet-based enterprises like Uber.

C2FO is a US-headquartered decade-old fintech that seeks to help mid-sized corporates get working capital relief by getting suppliers to accept early payment at a discount on an online marketplace platform. Its biggest clients includes US warehouse company Costco.

The injection comes barely eighteen months after it received $100 million in private capital from a group of investors that included Singapore’s government-owned venture capital firm Temasek.

Now, it says it wants to make a...

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