By The Numbers: Measuring C2FO’s Impact on Working Capital in 2021 - C2FO
By The Numbers: Measuring C2FO’s Impact on Working Capital in 2021
C2FO is the world’s largest platform for working capital for a reason: We have to be. Our team is tackling one of the biggest challenges facing businesses today.
C2FO’s platform makes it possible for companies around the world, no matter their size, to access the working capital they need to thrive. And we’ve got the numbers to prove it.
In 2021, C2FO:
- Enabled $54.7 billion in funding to businesses on our platform, an increase of 57% compared to 2020.
- Supported funding to more than 46,000 companies, a 30% increase over the prior year.
- Accelerated payment on more than 28 million invoices, reducing collection times by an average of 32 days and putting badly needed funds into companies’ accounts faster.
- Reached more than 1.7 million businesses as part of our network, including 73 of the Fortune 100 companies.
Since 2010, C2FO has helped fund more than $183 billion in working capital, but we know there’s more to be done. That’s why we just closed a $140 million fundraising round led by Third Point Ventures.