Resources | About C2FO | February 6, 2023

By The Numbers: C2FO Delivers Record Level of Funding to Suppliers in 2022

Suppliers received $78 billion in awarded funding, a 42% increase over the previous year.

Suppliers received $78 billion in awarded funding, a 42% increase over the previous year.

C2FO’s industry-leading platform offers multiple ways for businesses of all sizes to access the working capital they need to thrive, on fast and fair terms. There was record demand for that service in 2022 as suppliers used C2FO’s early payment and Dynamic Supplier Finance solutions more than ever before.

According to the year’s totals:

C2FO has provided more than $262 billion in working capital since its first funding day in 2010.
C2FO made $1.5 billion in funding available per week, on average.
Suppliers who used C2FO’s platform received payment on their outstanding invoice about 31.7 days earlier than expected.

Take a closer look at C2FO’s results last year

Check out the full report on our performance below.

By the Numbers Key statistics illustrating the size and scope of C2FO, the world’s largest platform for working capital Q4 2022 Founded in 2008 5 Global Operating Centers United States, United Kingdom, India, Australia and China Total Employees 800+ Currencies 45 Funding is awarded in 45 currencies and 14 languages, with the capacity to award in 95 currencies $262B in working capital funded since 2010 Customer Base Over 2 million in-network relathionships in 160+ countries 100 of the Fortune 100 companies are in the C2FO network 1,597 of the Forbes Global 2000 companies are in the C2FO network Empowering All Businesses to Thrive $4.7B in accelerated funding to diverse businesses in 2022, a 27% increase over 2021 1,349 women- or minority-owned businesses funded in 2022 Loaded AP/AR 43M approved invoices were uploaded each day in 2022 $2 TRILLION Matched $2 trillion of AR to AP in 2022 C2FO IMPACT: Q4 2022 $20.9B in funding to businesses 10.7M invoices accelerated in Q4 C2FO IMPACT: 2022 TOTAL $867 MILLION Top funding day YTD: $867 million on March 25 $78 BILLION in funding to businesses 42% increase in funding compared to 2021 $1.5 BILLION per week in funding 2.97 MILLION invoices accelerated each month, on average 31.7 average days paid early 36 MILLION invoices accelerated 6.7% average global funding rate

In this article:

Read the report

What Does C2FO Stand For?

C2FO stands for “Collaborative Cash Flow Optimization,” but that only explains part of the company’s mission to ensure all companies have the capital to thrive.