425% YoY market rapid growth continues to demonstrate value to global buyers and suppliers
KANSAS CITY, Mo., Oct. 19, 2015 – C2FO, the world’s largest market for working capital, has reported its Q3 2015 working capital flows of $8.7BN, five times the rate compared to $1.7BN in Q3 2014. The market generated $1.1BN in volume in a single week. High global supplier demand for the dynamic early payment program has led to record growth.
More suppliers are looking to control timing of customer payments, reduce days sales outstanding and have more flexibility with early payment rates. Meanwhile, more corporations are adopting dynamic discounting programs like C2FO to increase EBITDA while improving supply chain financial health.
Q3 2015 C2FO milestones include:
• Generated $8.7BN in total working capital flows, the highest quarterly figures to date
• Recorded the first $1B+ working capital volume week in September 2015
• Provided 150MM days of accelerated payment since inception
Since May 2010, C2FO has delivered nearly $30BN in working capital flows and nearly 150 million days of accelerated payment, benefiting both buyers and suppliers across the globe.
“The C2FO market achieved its first $1BN month in total working capital volume in December 2014 and now the first $1BN volume week in September 2015,” said John Kill, C2FO Chief Financial Officer. “Our market is over four times larger than last year, showing confidence from both buyers and suppliers in the value of the model,” added Kill.