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C2FO Gives Businesses an Alternative to High Interest Rates

November 15, 2022
The C2FO Team
Learn more about C2FO's impact with its quarterly "By The Numbers" report.

Instead of borrowing funds, businesses are generating cash flow by using C2FO’s platform to accelerate payment on their outstanding receivables. 

C2FO lets companies ask their customers for early payment in exchange for a small discount. On average, these companies obtain those funds more than 32 days earlier than they otherwise would have. 

During the first three quarters of 2022:

  • Businesses using C2FO’s platform have received more than $56.8 billion in funding, up 58.7% over last year.

  • More than 24.9 million invoices were accelerated for companies around the world.

  • C2FO provided $4.2 billion in accelerated funding to diverse-owned businesses, an increase of 53.8%.

Learn more about C2FO and its impact. Check out the rest of our performance report below.

By the Numbers Some key statistics illustrate the world’s largest working capital platform’s size and scope. Founded in 2008 5 Global Operating Centers United States, United Kingdom, India, Australia, and China Total Employees 830 44 Currencies Funding is awarded in 44 currencies. 14 languages with the capacity to award in 88 currencies. $241.3 billion in working capital funding since 2010. Customer Base 430,000 active in-network businesses in 160+ countries –2022 Q3 – Empowering All Businesses to Thrive $4.252B in accelerated funding to 1360 women- or minority-owned businesses in 2022 Q1, Q2, and Q3; there was a 53.8% increase compared to 2021 same time period ( 2.765B in 2021 Q1, Q2, Q3 ). Loaded AP/AR 41.45M+ approved invoices are uploaded each day in 2022 Q1, Q2, Q3 41.06M+ approved invoices are uploaded each day in 2022 Q3 Matched $625B of AR to $625B of AP in 2022-Q3 Awarded Funding The largest funding date in 2022 Q3 is 2022-08-29. The funded amount is $ 634.8M (including PV ) $56.8B in awarded funding in 2022 Q1, Q2, Q3, 58.7% increased compared to 2021 Q1,Q2,Q3(pending) $20.2B in awarded funding in 2022 Q3 Averaged $1.45B per week in awarded funding 2022 Q1, Q2, Q3 Averaged $1.54B per week in awarded funding 2022 Q3 Averaged 2.77M invoices accelerated each month 2022 Q1, Q2, Q3 Averaged 2.90M invoices accelerated each month 2022 Q3 Over 24.9M invoices accelerated in 2022 Q1, Q2, Q3 Over 8.6M invoices accelerated in 2022 Q3 Collection times were reduced by an average of 32.2 days in 2022 Q1, Q2, Q3. Collection times were reduced by an average of 32.0 days in 2022 Q3 Average global funding rate of 6.04% 2022 Q1, Q2, Q3 Average global funding rate of 6.75% 2022 Q3

Want to take control of your cash flow?

Early payment through C2FO can help.

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