C2FO Secures $30 Million Investment to Expand Global Working Capital Platform

C2FO Secures $30 Million Investment from IFC

C2FO, recognized as the leading on-demand working capital platform, has successfully closed a funding round amounting to $30 million. The investment, led by the International Finance Corporation (IFC)—a key member of the World Bank Group—aims to bolster the enhancement of C2FO's global platform with a specific focus on emerging markets. This investment reflects a continued commitment to fostering economic growth, particularly for micro, small, and medium enterprises (MSMEs).

The announced funding round will facilitate the acceleration of C2FO's technological capabilities and support its expansion strategies. Alexander 'Sandy' Kemper, the CEO and Founder of C2FO, emphasized the importance of this collaboration, stating, "Having IFC as an investor is a great honor for us... it will accelerate our mission to create a global platform that is inclusive and sustainable for businesses around the world."

A signing event held in Washington D.C. marked the beginning of this promising partnership. Mohammed Gouled, Vice President of Global Industries at IFC, shared his enthusiasm for the collaboration, stating that IFC offers more than just financial backing. Their wealth of expertise in supply chain finance and fintech will be crucial in scaling the operations of C2FO.

C2FO's innovative platform leverages advanced technology to optimize the availability of working capital, allowing suppliers—especially smaller firms from regions like Africa—to access funds in a way that is quicker and more efficient than traditional financing methods. In fact, the new investment will particularly focus on empowering these smaller businesses, which often struggle to secure the capital they need to thrive.

Farid Fezoua, the Global Director for Disruptive Technologies, Services, and Funds at IFC, highlighted that this initiative not only aims to boost job opportunities but also strengthens economic frameworks for MSMEs on a global scale. The partnership is anticipated to unlock tens of billions of dollars in financing for African MSMEs, starting with initiatives in Nigeria later this year.

The robust capabilities of C2FO, supported by this significant investment, will allow the platform to facilitate more liquidity to developing nations. In 2024, C2FO managed to provide over $13 billion in funding to more than 20,000 businesses through its extensive network—a clear testament to its impact in the finance sector.

C2FO's mission remains steadfast in providing accessible, efficient working capital solutions that empower businesses to flourish within an increasingly competitive economic landscape. Kemper asserted, "When everyone has the capital they need, it fosters innovation, drives job growth, and promotes a resilient economy." This philosophy is at the core of C2FO’s operational strategies.

As C2FO looks towards the future, it is committed to enhancing its offerings, making effective working capital solutions available to all businesses regardless of size. The strategic backing and financial support from IFC are critical to achieving its vision and expanding the global impact of its services over the coming years.

About C2FO
C2FO is the world's premier on-demand working capital platform, enabling businesses to access fast and flexible funding. Its patented Name Your Rate® technology allows companies to request early payment to improve cash flow and liquidity. Since its inception in 2008, C2FO has delivered over $400 billion in risk-free capital globally, serving hundreds of thousands of customers. Headquartered in Kansas City, USA, C2FO strives to ensure that every business has access to the capital it needs to succeed.

About IFC
The International Finance Corporation (IFC) is the largest global development institution focused exclusively on the private sector in emerging markets. With operations in over 100 countries, IFC aims to create markets and opportunities that stimulate private sector growth, leveraging its capital, influence, and expertise. In the fiscal year 2024, IFC notably committed a record $56 billion to support private companies and financial institutions in developing regions.

This partnership marks a significant step forward in addressing the funding challenges faced by smaller businesses worldwide, with a unified goal of fostering economic development and inclusivity.