C2FO is a financial technology company and the creator of the first market for working capital. C2FO operates the C2FO working capital market. The company was founded in January 2008 by Sandy Kemper, former CEO of UMB Financial Corporation. C2FO was previously known as Pollenware. The name changed to C2FO based on customer feedback that the market delivered collaborative cash flow optimization or C2FO, an acronym for what the market provides. The first C2FO market clearing took place in 2010, and received backing of venture firm Union Square Ventures, known for investing in companies like Twitter and Zynga. In Q2 2015, C2FO completed a $40MM round of equity funding led by Temasek, a global investment company based in Singapore. Temasek joined a list of C2FO investors including Union Square Ventures, OPENAIR Equity Partners, and Mithril Capital. In Q1 2016, Citi Ventures became the newest investor. In Q1 2018, C2FO completed a $100MM funding round led by Allianz X and Mubadala Investment Company, along with strong participation from existing C2FO investors: Temasek, Union Square Ventures, and Mithril Capital. In August 2019, the company announced the completion of a $200 MM funding round led by the SoftBank Vision Fund with additional participation from Temasek and Union Square Ventures. The investment is designed to accelerate C2FO's 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. In Q1 2018, C2FO partnered with White Oak Global Advisors, LLC, to offer receivable financing options to C2FO's network of businesses in the U.S. C2FO posted its first $1 billion quarter in the fourth quarter of 2013. It experienced growth during 2014, handling $2.9 billion worth of transactions in the fourth quarter of 2014, with $1.4 billion of that happening in December. In September 2015, C2FO announced it had reached the $1 billion-a-week milestone for the amount of working capital trading on its platform. Since its first transaction in May 2010, C2FO has generated more than $245 billion in working capital flow volume and more than 912 million days of accelerated payment.
Office locations
C2FO is headquartered in Leawood, Kansas. The company has offices around the globe.
