It looks like hedge funds aren’t the only ones jonesing for a slice of that FinTech pie.
FinTech start-up C2FO, a working capital marketplace based in Kansas City, recently announced that it has completed a $40 million equity funding round led by – get this – Singapore’s gargantuan state fund, Temasek Holdings.
The fund now counts itself among C2FO’s many high-powered investors, including Tiger Global, Mithril Capital, and Summerhill Venture Partners, underscoring just how big FinTech is going to be in the near future.
Regarding the investment, C2FO Founder and CEO, Sandy Kemper, had this to say:
“Our recent funding round led by Temasek is a strong vote of confidence that C2FO has established the leading global business network for working capital… …Temasek’s market knowledge and relationships in emerging markets will help C2FO capitalize on the international demand for more effective capital solutions and continue to accelerate our rapid pace of innovation.”
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