New Leadership Positions Support C2FO’s Rapid Growth as Need for Equitable Access to Working Capital Grows
KANSAS CITYColor., November 8, 2022 /PRNewswire/ — C2FOthe global on-demand working capital platform, announced the addition of two new leadership positions to its leadership team, appointing Dan Karas as First Director of Credit and Controller Promotion Bri Simoneau as chief accountant. Karas brings extensive leadership experience in lending and risk management, and Simoneau brings in-depth knowledge and experience of financial controls and reporting. Both leaders will be essential as C2FO continues to improve its business and overall global footprint.
The strong growth and increased adoption of C2FO’s products and services is due, in part, to the challenges businesses are facing due to an increasingly difficult economic landscape. So far in 2022, C2FO has accelerated on $56 billion financing to businesses around the world, a 100% increase over the same period last year. The company continues to see significant growth in its working capital product line, giving businesses more flexibility to select the right solution for them, including its Capital Finance offering, which grew 200% from year to year.
“By bolstering the Capital Finance team with Dan, a working capital finance industry veteran with significant experience in leading credit during periods of rapid revenue and transaction volume growth, we are better positioned to manage the growing needs of suppliers for working capital through another proven C2FO solution,” said Alexander “Sandy” Kemper, Founder and CEO of C2FO.
Kemper added, “Bri is a proven leader and professional with a background in public companies. In her role as Chief Accounting Officer, she will continue to develop talent within the accounting function and implement the controls and processes necessary to grow and scale our global business.
Dan Karascredit manager
Karas is a seasoned executive who has developed and implemented plans for strategic growth, credit enhancement and integration of acquisitions across a wide range of products, geographies and industries. As Director of Credit, Karas will oversee all credit functions within C2FO’s Capital Finance business, collection and lending procedures and risk mitigation handling surrounding a loan portfolio.
“I’m very happy to be part of this innovative company that is truly making a difference to businesses around the world,” said Karas. “I look forward to working closely with the management team as we develop our funding programs to improve our ability to execute and scale in anticipation of growing working capital requirements and to ensure that each business has the capital it needs to thrive.”
Bri Simoneauaccounting director
Simoneau began his career at KPMG in Kansas City in the audit/certification firm, where she worked for six years. Simoneau also served as controller for Freightquote.com, then joined Yellow Transportation (formerly YRC Worldwide Inc.), where she served as director of financial reporting and vice president/controller before joining C2FO. As Chief Accounting Officer, Simoneau will oversee all areas of accounting, including consolidation, reporting, revenue and cash management, and tax compliance.
“More than 41 million invoices eligible for prepayment are uploaded to the C2FO platform daily. As more organizations continue to seek easy access to low-cost working capital, C2FO is focused on planning for long-term growth. I am delighted to support the company’s accelerated growth as we continue to expand and remain committed to working closely with the management team to achieve our mission and lead C2FO on the path to success,” said Simoneau.
C2FO is the global on-demand working capital platform, providing fast, flexible and fair access to low-cost capital to nearly 2 million businesses worldwide. Use of the patented name Your tariff® technology and a suite of working capital solutions, companies can get paid faster by the world’s biggest companies, unlocking billions in risk-free capital. C2FO’s mission is to ensure that every business has the capital it needs to thrive and has delivered more than $220 billion funding around the world. Founded in 2008 and based in Kansas City, UNITED STATES, with offices around the world, C2FO works every day to build a better and more inclusive financial system. To learn more, visit C2FO.com.
C2FO Media Relations