| Singapore state fund Temasek Holdings has led a $40 million funding round into US-headquartered innoice marketplace startup C2FO, the company announced. Temasek joins a growing list of C2FO investors including Union Square Ventures, Summerhill Venture Partners, OPENAIR Equity Partners, Mithril Capital, and Tiger Global.
C2FO, which is a fintech startup, said its business had quadrupled in the second quarter compared to the same period for the previous year. The amount of capital flowing through its platform reached a record $5.4 billion for the three months ended June 30, 2015, as against $1.2 billion during the same period a year ago, the company, whose service allows firms to get a discount from their vendors for upfront payment, added...............................................Full Article: Source
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