C2FO
Saket Sarda and Iain Rolfe discuss C2FO ’ s revolutionary fintech platform , releasing working capital back into the market , and the company ’ s APAC expansion
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D uring times of financial hardship , the ability for companies to remain flexible , adaptable and agile is paramount . Having ready access to the necessary liquidity in these situations is essential . Unfortunately , since the outbreak of the coronavirus pandemic in March , many firms have found the channels through which they access additional working capital closed off to them .
“ COVID-19 was a huge shock to the market system . The initial reaction was to hunker down , stop investment , and minimise risk ,” explains Saket Sarda , Head Enterprise Sales for APAC at C2FO .
“ At the same time , the banks issued a blanket credit freeze , large scale enterprises , all the way down to small-scale operators . Nobody could get access to any working capital .”
Even though that freeze has begun to thaw , its benefits have disproportionately served larger , more stable firms , leaving smaller and mid-sized companies out in the cold . Not only is this state of affairs potentially devastating for smaller firms cut off from sources of liquidity , Sarda continues , but
FEBRUARY 2021