C2FO’s Capital Finance Announces $40 million in Receivables Finance Deals for Q4 2020
09 February 2021 |
Kansas City, USA (Feb. 9, 2021) — The C2FO Capital Finance team is proud to announce the signing of $40 million in receivables financing facilities for the fourth quarter of 2020. Since its inception in 2016, Capital Finance has eclipsed $700 million in funding.
The Capital Finance team twice doubled the number of quarterly-closed deals in 2020 to arrive at the $40 million milestone for Q4. The relationships reflect C2FO’s national footprint: new clients are located from the East to West coasts, including the Midwest and Southeast. The breadth of industries involved in these facilities exemplifies C2FO’s industry-agnostic approach to inclusive finance.
Offered through C2FO Capital Finance, Receivables Finance is an asset-based lending experience that integrates seamlessly with C2FO’s Early Payment programs.
“C2FO Capital Finance’s progress is indicative of the need of companies of all sizes to have access to dynamic working capital finance facilities,” said Chris Atkins, SVP of Capital Finance. “We’re excited to have these companies join a portfolio that has annual revenue growth in excess of 20% per year, with many of our customers growing in excess of 100% in 2020. We look forward to carrying this momentum into 2021 and beyond as we work to deliver a future where every company in the world has the capital needed to grow.”
To learn more about the working capital solutions through C2FO Capital Finance, visit: c2fo.com/amer/us/en-us/capital-finance
C2FO is the world’s largest platform for working capital. We serve over one million businesses representing $10.5 trillion in annual sales across more than 180 countries. Our online platform connects more than $110 billion of daily accounts payable and accounts receivable. Whether you need working capital or have excess working capital, Name Your Rate™, and the C2FO platform will match your request in seconds. You can accelerate or extend AP or AR on demand, providing you, your customers and your suppliers greater control over cash flow. You can also utilize AR financing and other data-driven funding options.
C2FO is working capital, working for everyone. Our mission is to deliver a future where every company in the world has the capital needed to grow. To learn more, visit C2FO.com.