Resources | About C2FO | February 18, 2022

By The Numbers: Measuring C2FO’s Impact on Working Capital in 2021

C2FO is the world’s largest platform for working capital for a reason: We have to be. Our team is tackling one of the biggest challenges facing businesses today.

C2FO is the world’s largest platform for working capital for a reason: We have to be. Our team is tackling one of the biggest challenges facing businesses today.

C2FO’s platform makes it possible for companies around the world, no matter their size, to access the working capital they need to thrive. And we’ve got the numbers to prove it.

In 2021, C2FO:

Enabled $54.7 billion in funding to businesses on our platform, an increase of 57% compared to 2020.
Supported funding to more than 46,000 companies, a 30% increase over the prior year.
Accelerated payment on more than 28 million invoices, reducing collection times by an average of 32 days and putting badly needed funds into companies’ accounts faster.
Reached more than 1.7 million businesses as part of our network, including 73 of the Fortune 100 companies.

Since 2010, C2FO has helped fund more than $183 billion in working capital, but we know there’s more to be done. That’s why we just closed a $140 million fundraising round led by Third Point Ventures.

Learn more about C2FO’s impact and reach with this collection of key statistics

FOUNDED IN 2008 TOTAL EMPLOYEES 800+ 40 Funding awarded in 40 currencies and 13 languages, with capacity to award in 75 currencies. $183B In working capital funded since 2010. 5 GLOBAL OPERATING CENTERS United States, United Kingdom, India, Australia and China CUSTOMER BASE Over 1.7 million in-network businesses in 160+ countries. Customers represent an estimated $10.5+ trillion in annual sales. 73 of the Fortune 100 companies are C2FO customers. $1.95B in accelerated funding to 1,000+ women- or minority-owned businesses in 2021. 30% increase in diverse suppliers participating in C2FO’s network. LOADED AP / AR 41M+ Approved invoices uploaded each day. $1.6T Matched $1.6 trillion of AR to $1.6 trillion of AP in 2021. $54.7 BILLION $54.7B in awarded funding $1.1 BILLION Averaged $1.1B per week in awarded funding $645.9 MILLION Top funding day: $645.9M on Dec. 22, 2021 2.3 MILLION Averaged 2.3M invoices accelerated each month 28 MILLION Over 28M invoices accelerated in past year 32 DAYS Collection times reduced by an average of 32 days 5.2% Average global funding rate of 5.2% 30% 30% more customers funded in 2021

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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.