Sandy Kemper’s C2FO surpasses $1B a month in volume

C2FO is well on the way to achieving its goal of revolutionizing the accounts payable and receivable process, hitting a significant milestone in December by surpassing $1 billion a month in customer volume for the first time.
Fairway-based C2FO, short for Collaborative Cash Flow Optimization, is an online marketplace where corporate buyers can haggle with suppliers, negotiating quicker payments in return for discounts. The end result is freeing cash that would otherwise be tied up in the delay between when products are delivered and when vendors actually get paid. The average wait is currently about 45 days, log jamming $7 trillion in accounts receivables for businesses across the United States.

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