US-based Fintech firm C2FO has acquired payment platform Priority Vendor. C2FO operates a marketplace providing working capital to companies and counts India as its fastest-growing market.
Noida-based Priority Vendor Technologies Pvt. Ltd was set up in 2014. Priority Vendor provides a discounting solution which enables suppliers to access liquidity at competitive rates by giving cash discounts on approved invoices. This helps clients increase returns and helps their suppliers in a risk-free, automated and large-scale manner. The company had raised Series A funding from Lightspeed India Partners and Catamaran Ventures last year, which was also advised by Link Legal.
The transaction will enable C2FO and Priority Vendor’s combined network of more than 200 companies to enhance returns on liquidity and strengthen the supply chain system.
Link Legal advised Priority Vendor and its founders and the investors, including Lightspeed India Partners in the said transaction. C2FO was advised by L&L Partners.
Link Legal team was represented by Manish Gupta (Partner), Pratyush Khurana (Principal Associate) and Rashi Singh (Associate).
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