Increased supplier engagement drives continued momentum
July 30, 2013, Kansas City, Mo. – C2FO, the world’s largest market for working capital, has released numbers demonstrating its rapid adoption among companies across the globe. Since inception, more than $4.3 billion in working capital has moved through the market.
The company reported year-over-year Q2 working capital flows have grown from $423mm to $721mm, or an increase of more than 70%. Client income has exceeded a growth rate of 46% and Supplier Participation has grown 116% during the same period. “These strong numbers underscore the significance of the C2FO market to our thousands of buyer and supplier companies utilizing it to efficiently manage their working capital needs,” said John Kill, C2FO CFO.
“With the recent infusion of $18 million from Mithril and our other partner investors, we continue to evolve the platform to deliver the most robust, intuitive and efficient solutions to our clients,” said Sandy Kemper, C2FO founder and CEO. “Our goal is to revolutionize the way businesses manage their working capital and these latest numbers indicate we are firmly on that path.”
C2FO is Collaborative Cash Flow Optimization. The C2FO market helps companies across the globe collaborate with their supply chain in a live, web-based market to achieve accelerated cash flow and increased efficiencies in working capital management and profit. C2FO has delivered more than $4 billion in early cash flow and created more than $300 million in new market capitalization for its clients, which include Fortune 1000 companies across the globe.
“We continue to be pleased by the rapid adoption of C2FO,” said Kemper. “C2FO provides a unique investment opportunity for our clients to boost gross and net profit margins, while optimizing Accounts Payable. By allowing them to control their cash flow, the market strengthens the buyer companies’ supply chains, making it a financial win for everyone involved,” added Kemper.
The market enables discrete price formation for the value of early cash flow delivery from companies to each of their unique suppliers. C2FO has been described as a private NASDAQ for cash flow between buyers and their suppliers. “There are established markets for stocks, bonds, currency, commodities and futures, and C2FO has developed the leading market for working capital,” added Kill.
C2FO is the world’s market for working capital™ and risk-free profit. C2FO is the only working capital exchange that allows companies to optimize their working capital positions in a live marketplace. Companies across the globe use C2FO to increase their operating income while simultaneously producing vital working capital flows to their supply chain. C2FO is Collaborative Cash Flow Optimization. Learn more about C2FO at https://www.c2fo.com.