C2FO, a Leawood-based financial-technology firm, has secured a $200-million round of funding led by Toyko-based SoftBank, which owns a significant portion of Sprint, as well as major stakes in WeWork and Uber.
C2FO, through a system of algorithms, pairs companies looking for capital with funding sources. The firm says that more than 300,000 firms in 173 countries utilize C2FO to “receive more than $1 billion in funding every week.” This latest round of funding, headed by SoftBank’s Vision Fund, will “further improve access to working capital for companies globally not just large multinational corporations, but also small and medium-sized enterprises,” says a press release.
As a result of the deal, Nahoko Hoshino will represent SoftBank on C2FO’s board.
Founded by Sandy Kemper in 2008, C2FO secured $100 million in February last year from Allianz X and Mubadala Investment Company.