C2FO leaders break down how we are innovating in the fintech space with BusinessMakers USA
07 December 2017 |
Sandy Kemper, CEO, Sanjay Gupta, President, and Kevin Daniels, Chief Product Officer sat down with BusinessMakers USA to discuss how C2FO is opening the floodgates of liquidity and innovating supplier-buyer relationships. In the C2FO unique marketplace, suppliers and buyers collaborate to find the right price for early payment on their approved invoices. This allows suppliers to access cash on-demand, at a lower cost of borrowing than factoring or a line of credit. In turn, buyers earn a better rate of return on their cash and simultaneously improve their supplier relationships and overall supply chain health.
Highlights of the interview:
- There are over $2 trillion of corporate spend in the system today.
- C2FO has been doing about $1 billion a week of fundings and is aiming for our first $1 billion day.
- C2FO has above 50% of all U.S. retail sales coming into their market, 26% of all high tech, and 22% of all transportation logistics.
- Suppliers no longer wait 30 to 60 days to get paid. Having easy access to cash flow allows them to grow their business, meet seasonal demand and improve financial metrics.