Case Study: Rest Devices, Inc. achieves instant working capital and keeps its supply chain moving with C2FO

Rest Devices, Inc. - Customer Case Study

Rest Devices, Inc., maker of the Mimo smart wearable baby monitor, faced working-capital pressure as it scaled hardware production and managed suppliers while major retailers operated on lengthy net terms. To solve this cash-flow challenge, Rest Devices turned to C2FO’s working-capital service, which the company says provides the same result as factoring but more simply and cheaply and lets them keep more cash available for R&D.

C2FO’s platform delivered instantaneous access to capital, enabling Rest Devices to keep its supply chain moving, meet supplier payments, and support new product launches. According to CEO Dulcie Madden, ongoing use of C2FO since 2014 has been instrumental in capital management—improving cash flow, reducing financing costs versus traditional factoring, and helping the company expand into other markets.

Rest Devices, Inc.

Dulcie Madden

Co-founder and CEO