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Market member growth and supplier satisfaction drive continued momentum.
Kansas City, USA (October 1, 2013) – C2FO, the world’s market for working capital, has reported that its Q3 working capital flows from member companies around the globe have increased from $480 million in the third quarter of 2012 to $855 million for the current quarter. Linked quarter growth was strong as well, increasing from $721 million in the second quarter.
The increase in cash flow demand has been driven by a 115% increase in market member growth, surpassing 200,000 companies since last year.
“This year-over-year growth is particularly meaningful as we open the platform to all of the existing member companies to use with their suppliers, which will perpetuate the organic growth of the network,” said Sandy Kemper, C2FO founder and CEO.
“The most recent C2FO Market Net Promoter Score of 52, combined with our 90 percent supplier recommendation rate has also contributed to this growth,” added Peter Novosel, C2FO executive vice president.
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 c2fo.com.
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