C2FO is an online marketplace to help businesses with cash flow. Companies that have cash on their balance sheets and are willing to pay invoices early can come together with their suppliers who need that cash. Buyers on the platform include large retailers such as Costco Wholesale Corp., Amazon.com Inc., and Nordstrom Inc.
The startup said that on top of the global expansion, the funding will also allow some early investors and associates to sell shares and gain liquidity.
This article was provided by Bloomberg News