Fintech startup C2FO scores $200 million led by SoftBank to fuel technology development and international growth for its working capital marketplace

SoftBank has done it again. This time, the Japanese tech giant is leading a $200 million investment in C2FO, the world’s first and largest market for working capital. The new investment will help C2FO to accelerate its development of new markets to further improve access to working capital for companies globally not just large multinational corporations, but also small and medium-sized enterprises.

The round was joined by existing investors Temasek and Union Square Ventures. In conjunction with the investment, C2FO also announced that Nahoko Hoshino will join the its board of directors on behalf of SoftBank Investment Advisers.

Founded in 2008 by Alexander C. Kemper and Pete Thomas, the Leawood, Kansas-based  C2FO is an online B2B marketplace for working capital. C2FO is changing the way businesses improve their working capital through its simple, yet powerful technology. Utilizing an online marketplace, it connects businesses that want cash with those who have cash. You name your desired price of capital and C2FO algorithms match it with available funding sources. Cash flow can come through early payments of invoices from customers, A/R financing and other lending options.

“We are very fortunate to have a team who, for years, has delivered industry-leading unit economics, extraordinary customer satisfaction, and strong global growth,” said Sandy Kemper, C2FO Founder and Chief Executive Officer. “Due to their work, we have now grown to match over $1.2 trillion of accounts receivable and accounts payable.”

C2FO’s online marketplace has quickly emerged as one of the most convenient and lowest-cost sources of working capital in the world. Utilizing proprietary algorithms, the company creates a seamless match between accounts receivable and accounts payable to dynamically price the value for early payment in real time. More than 300,000 businesses across 173 countries utilize C2FO to take control of their cash flow and receive more than $1 billion in funding every week.

“We invested in C2FO because we think their disruptive innovation offers a solution to an industry that has traditionally lacked cost-efficient alternatives for businesses of all sizes looking to free up cash quickly,” said Akshay Naheta, Managing Partner for SoftBank Investment Advisers. “We believe the company’s platform provides maximum value for buyers and suppliers and are excited by the company’s vision to become the global exchange for working capital.”

“This infusion of capital from the Vision Fund and existing investors will be used to further our expansion as we strive to build a new world wherein the increased liquidity provided by the C2FO platform helps companies and in turn, entire economies, grow more rapidly,” added Kemper.