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 honored 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.

The news was featured by the following publications:

  • Bloomberg: Allianz Investment Arm Co-Leads Funding Round in Fintech C2FO
    “We’re very happy with dollars raised and our partners,” Sandy Kemper, chief executive officer of C2FO, said in an interview. “This allows faster acceleration of what we were doing previously, especially in terms of geography,” he added, noting that the Middle East and Europe are two areas for further expansion.
  • Startland News: C2FO raises massive $100M round for global expansion
    Coverage by Startland noted, “The $100 million round is the largest venture-backed round in the Kansas City area’s history. The investment also brings more attention and credibility to Kansas City and its startup community.”

The news was also covered in the following publications:

Global coverage: