C2FO, which operates a marketplace that offers working capital to companies and counts India as its fastest-growing market, has now secured $200 Million from the clutch of investors.
SoftBank Vision Fund led the funding round. Some of the existing investors Union Square Ventures and Temasek Ventures also participated in the round.
Post funding, Nahoko Hoshino will now be going to join as the C2FO Board of Director on behalf od the Softbank Investment Advisors.
In 2018, C2FO had secured $100 Million from the Mubadala Investment Company, Allianz X and some other existing investors.
“We invested in C2FO because we think their disruptive innovation offers a solution to an industry that has traditionally lacked cost-efficient alternatives for businesses of all sizes looking to free up cash quickly,” said Akshay Naheta, managing partner at SoftBank Investment Advisers.
The company revealed that it is now going to use the fresh funding to grow into newer markets including India and even help it in improving access to working capital for its users.