C2FO
From Wikipedia, the free encyclopedia
 | |
| Company type | Private |
|---|---|
| Industry | Financial technology |
| Founded | 2008 |
| Founder | Sandy Kemper |
| Headquarters | Kansas City, Missouri |
| Products | dynamic early payment program, working capital marketplace, supplier early payment portal, short-term cash optimization, cashflow+ card |
| Website | www.c2fo.com |
C2FO is a Kansas City, Missouri based financial technology company that operates a working capital finance platform that allows businesses to access funds that are tied up in accounts receivable.[1]
The company was founded as Pollenware in January 2008 by Sandy Kemper, former CEO of UMB Financial Corporation.[2] The name was subsequently changed to C2FO, an acronym describing the collaborative cash flow optimization services the company's platform provided.[3]
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.[4]
In October 2019, C2FO acquired India's largest early payment platform, Priority Vendor.[5] In the fourth quarter of 2019, C2FO achieved an annualized funding run rate of $39B.[6][non-primary source needed] In March 2020, C2FO claimed it had accelerated more than $100B in payments for companies.[6]
C2FO announced partnering with Experian in February 2021 to provide working capital to Experian vendors.[7]