28 March 2017
visit nextgenbanking.co.uk

Citi Ventures invests in C2FO

28 January 2016  |  4615 views  |  0 Team meeting

Citi Ventures has made a strategic investment in Kansas City-based working capital marketplace C2FO. Terms of the arrangement have not been disclosed.

Citi's venture fund joins the likes of Temasek and Union Square Ventures as backers of C2FO, which operates a market where suppliers and buyers negotiate prices based on when invoices will be paid.

C2FO says that it create a seamless match between accounts receivable and accounts payable, helping suppliers take control of their cash flow and buyers increase Ebitda and gross margin and earn a better return on short-term cash.

Having recently opened offices in Germany, Singapore, Hong Kong and India, C2FO says that it will use the Citi money to continue it geographic growth.

Arvind Purushotham, co-head, venture investing, Citi Ventures, says: "C2FO's rapid global growth demonstrates the value of solutions that promote a healthier supply chain. We're excited to support C2FO's highly efficient marketplace that simplifies and optimizes cash flow for businesses."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
French retailer Carrefour launches online bank accountFrench retailer Carrefour launches online...
57651 views comments | 17 tweets | 36 linkedin
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
11123 views comments | 47 tweets | 28 linkedin
MAS to roll out national KYC utility for SingaporeMAS to roll out national KYC utility for S...
10981 views comments | 33 tweets | 44 linkedin
hands typing furiouslyTwo key technologies driving Machine Learn...
7901 views 0 | 15 tweets | 3 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job