Citi Ventures has made a strategic investment in business finance marketplace C2FO, adding an undisclosed amount to the $70m it had already raised.
Banking group Citi’s venture capital arm Citi Ventures has invested an undisclosed amount in C2FO, the US-based operator of an online marketplace for working capital.
C2FO connects investors with businesses in need of working capital through a real-time marketplace to reduce borrowing costs and improve cash flows through earlier payment processing.
Citi Ventures’ investment will help C2FO broaden its offering and extend its international reach. The company has opened offices in Germany, Singapore, Hong Kong and India in the past…
