C2FO Gives Businesses an Alternative to High Interest Rates
November 15, 2022 |
The C2FO Team
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.