C2FO
196 between a buyer and supplier , which had slowed down the entire process . That ’ s really the reason that what we offer is considered disruptive . It shouldn ’ t be , but we ’ re working in a financial system that is fundamentally broken . We ’ ve fixed that problem and changed the way the system works . It should never be hard for a supplier to be paid early if needed – if we started again with no system , there ’ s no way we would design a similar one .”
Under Kemper , C2FO has experienced considerable success . According to Rolfe , the business is now in “ a phase of very rapid and significant international growth ”, including in Australia . Expansion into Australia began in the summer of 2018 , when C2FO began building a physical presence in a market where it already served several large corporates . Rolfe is currently focused on accelerating this growth and “ doubling down on the market ”.
This is being aided by AU $ 200mn funding from Japanese conglomerate SoftBank , announced in August this year . The investment was primarily designed to accelerate the
“ The simple fact that 92 % of those that engage with our platform are getting less than their next best alternative is phenomenal ”
— Iain Rolfe Managing Director Australia & New Zealand , C2FO
DECEMBER 2019