C2FO has secured a $30m investment from Allianz X, the digital investment division of Allianz Group. The fintech firm connects companies with working capital funding, enabling suppliers to receive payment more quickly from customers. In addition to its existing business in Australia, C2FO’s new Australian office will be located at the company’s headquarters on Macquarie Street, Sydney.
C2FO has secured a $30m investment from Allianz X, the digital investment division of Allianz Group. The fintech firm connects companies with working capital funding, enabling suppliers to receive payment more quickly from customers. “C2FO’s business model of connecting companies with working capital in real time is a unique solution to a critical aspect of trade financing”, said Nazim Cetin, CEO of Allianz X.