Type: Invoice Trading
Invoice Trading - geography: United Kingdom
CO. no.: Na.
C2FO, the world's market for working capital and risk-free profit, is the only working capital exchange that allows companies to optimize their working capital positions in a live, bid/ask environment.
Companies across the globe use C2FO to increase their gross and net profit while simultaneously producing working capital flows to their supply chain. C2FO is Collaborative Cash Flow Optimization.
Description: Sandy is the founder of C2FO and serves as Chairman of the Board and CEO. In addition, he is Chairman of the Board of The Collectors Fund, a private equity fund focused on alternative asset classes. Prior to founding The Collectors Fund and C2FO, Sandy founded Perfect Commerce (fka eScout.com) and served as the company?s Chairman and Chief Executive Officer from 2000-2006.
C2FO recently reached the $1 billion-a-week milestone for the amount of working capital trading on its platform.
Founded by Sandy Kemper in 2008, Fairway-based C2FO is an online trading platform where suppliers negotiate discounts with their buyers in exchange for early payment of invoices. The platform aims to speed up the wait between a supplier delivering a product and the account receivable being paid, a wait that has grown to about 45.3 days on average. In the United States alone, more than $7 trillion of working capital are tied up in accounts receivables.