Kansas based working capital marketplace, C2FO, recently closed $40m of Series D financing led by Temasek Holdings from Singapore. The company works with corporate buyers to take advantage of supplier discounts by paying them in advance for the supplies they need. Suppliers then get paid earlier than they normally would.
In a recent interview with PYMNTS, C2FO Chief Product Officer Kevin Daniels said that the company uses algorithms to identify the best APR for each supplier to gets them paid faster while buyers access the highest-possible discount. “This in effect lets each business in the marketplace name their discrete price for cash and cash flow,” Daniels said, “thereby creating the most fair way to price cash and cash flow.” .