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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