C2FO Wins UK Award for SME Working Capital Innovation
20 August 2020 |
(20 August 2020) — C2FO, the world’s first market for working capital, was recently honoured as “Best SME Working Capital Innovator (UK) for 2020” by business publication Capital Finance International (CFI.co).
“It is a tremendous honour to be recognised by CFI.co for the work we do to ensure that companies of all sizes have the access they need to working capital,” said Colin Sharp, SVP for the EMEA region for C2FO. “At a time like this, when many SMEs are in tremendous need of liquidity, we believe the solutions we provide are particularly critical for corporates and their supply chains.”
In its award announcement, CFI.co noted that, of the United Kingdom’s one million-plus suppliers, 93% of them are SMEs and 70% are mico-enterprises.
The publication went on to state that, “C2FO convinced big-name buyers to support supply chains – while getting better returns on their cash than from the bank. Feedback has been overwhelmingly positive, and the client list has grown to include big-hitters such as Marks and Spencer, Siemens, Air France, Philips, Hewlett-Packard, Danone, Pfizer, Costco. …For a company that has brought control to cash flows, the CFI.co judging panel presents C2FO with the 2020 award for Best SME Working Capital Innovator (UK).”
Read the full CFI.co article here
C2FO is working to deliver a future where every company in the world has the capital needed to grow. Our online platform matches more than $1.2 trillion of accounts payable and accounts receivable. Through this and our suite of innovative financial products, we connect businesses with the cash they need. Name your rate, and the C2FO platform will match your capital request with the available funds in seconds. Cash flow comes through early payment of invoices by your customers, A/R financing, and other data-driven funding options. Corporates can seamlessly utilise their own capital and/or capital from bank and non-bank sources via C2FO’s Funding Network, giving virtually unlimited access to capital for the world’s largest to the world’s smallest companies. C2FO is the world’s largest non-bank provider of working capital, serving over one million customers representing $10.5 trillion in annual sales across more than 180 countries. To learn more, visit C2FO.com.