Kansas based working capital marketplace, C2FO, recently closed $40m of Series D financing led by Temasek Holdings from Singapore. The company works with corporate buyers to take advantage of supplier discounts by paying them in advance for the supplies they need. Suppliers then get paid earlier than they normally would. I would assume that Temasek as part of this deal also secures lending capaicty
Working capital marketplace C2FO revealed earlier this year that it is on track to process about $1 billion worth of invoices every week as businesses increase their demand for invoice financing. On Tuesday (Aug. 11), reports revealed new support to help C2FO achieve that goal. The working capital marketplace secured $40 million in financing from Temasek Holdings and other backers, according to reports. C2FO works with corporate buyers like Amazon and Costco to take advantage of supplier discounts by paying them in advance for the supplies they need. Suppliers then get paid earlier than they normally would have.