C2FO raises $100MM from Allianz X and Mubadala

C2FO recently raised $100MM in funding from Munich-based Allianz X and Abu Dhabi-based Mubadala Investment Company, along with existing investors. The investment will mainly support strategic initiatives such as international growth, additional working capital solutions, and growing the C2FO customer community.

“When we launched C2FO in 2010, our goal was to be the most convenient and lowest cost source for business funding in the world. Today, 99.5% of our customers tell us we have achieved that goal. We continue to deliver tremendous value to our global corporate buyer customers while helping their suppliers access working capital at a fair price. We are honoured to have the support and confidence in C2FO from Allianz X, Mubadala and all our investors,” said Sandy Kemper, C2FO Founder and Chief Executive Officer. “The strategic and operational alignment of C2FO and our investors assures that we will continue to gain momentum as the market leader in delivery of innovative working capital solutions,” added Kerri Thurston, C2FO Chief Financial Officer.

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