KANSAS CITY, Mo., Dec. 1, 2016 /PRNewswire/ -- C2FO, the world's largest market for working capital, has been included in the 2016 Forbes Fintech 50 List. Forbes selected technology companies that are disrupting the way the world saves, invests, spends and borrows. While 22 new fintech firms have joined this coveted list, C2FO has been included once again for its continued rapid growth and scale of global operations.
"Pursuing the compelling goal of liberating working capital requires dedication, teamwork and innovation. Over the past year, we have experienced tremendous customer and revenue growth as more and more global organizations of all sizes have joined our marketplace," said Kerri Thurston, C2FO Senior Vice President of Finance.
The C2FO marketplace uses its proprietary technology to facilitate real-time collaboration between buyers and their suppliers to discover the optimal rate for working capital.
Buyers, often corporates with global supply chains and global operations, have cash on their balance sheets earning minimal returns, benefit from the C2FO solution by improving gross margin and EBITDA while strengthening the financial health of their supply chains through ethical business practices.
Suppliers, often companies working to improve their pricing and access to liquidity from traditional sources or companies looking to enhance DSO and other operating metrics, can accelerate payments from their buyers if and when they want in just two clicks at a rate that works for them.
"We are proud to partner with leading companies that understand the importance of strengthening the supply chain ecosystem in an increasingly competitive global market," said Sanjay Gupta, C2FO Chief Operating Officer. "We are pleased to be recognized by Forbes not only for our intent but for our work to create a more efficient and de-risked market for working capital that benefits companies around the world."
About the Forbes Fintech 50
To compile the 2016 list, Forbes reporters solicited information from more than 300 startups and then interviewed more than 150 CEOs and founders, as well as independent industry experts. Candidates were required to have operations in the U.S. and a viable product in the marketplace.
C2FO is the largest working capital marketplace in the world. Companies across the globe use C2FO to improve their financial position every day. C2FO is a leader in retail, industrial, manufacturing, energy, healthcare, technology, telecom and transportation sectors. Learn more about Collaborative Cash Flow Optimization at www.C2FO.com.
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