30 August 2016
Find out more

Citi Ventures invests in C2FO

28 January 2016  |  4029 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 equens.comVisit www.abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
India's Unified Payments Interface goes live with 21 banksIndia's Unified Payments Interface goes li...
9418 views comments | 23 tweets | 26 linkedin
Cultural change crucial in digital transformationCultural change crucial in digital transfo...
6830 views comments | 11 tweets | 10 linkedin
R3 blockchain consortium sheds light on Concord projectR3 blockchain consortium sheds light on Co...
6790 views comments | 15 tweets | 14 linkedin
Mondo becomes MonzoMondo becomes Monzo
6474 views comments | 14 tweets | 9 linkedin
hands typing furiouslyBlockchain: Some Remarkable Announcements!
6213 views 0 | 5 tweets | 14 linkedin

Featured job

Find your next job