C2FO Wins IFC Top Award in Lisbon as Global Funding Exceeds $500 Billion
C2FO has made headlines by winning the prestigious title of Best Supply Chain Trade Partner at the 9th Global Trade Partners Meeting, organized by the International Finance Corporation (IFC) in Lisbon, Portugal. This recognition comes as the company's total global funding exceeds a monumental milestone of $500 billion since its establishment. As traditional debt becomes increasingly costly and harder to obtain, businesses worldwide are turning to innovative financing strategies. Rather than resorting to new loans, they are choosing to harness their unpaid invoices as a means of funding their growth, a concept referred to as "cash autonomy."
C2FO has achieved robust operational outreach, which has played a significant role in this achievement. The platform has facilitated over half a trillion dollars in funding to businesses globally, with an impressive record of zero credit losses. With more than one million businesses utilizing its services across 180 countries and territories, the impact of C2FO's operations is vast and growing. Colin Sharp, Chief Commercial Officer of C2FO, expressed the importance of receiving this award at the same time as surpassing the half-trillion dollar mark, stating, "The costs associated with payment delays are a huge burden for many businesses. We empower them to avoid debt and immediately reinvest their earned funds."
This IFC accolade particularly underscores C2FO’s success in addressing the financing gaps prevalent in emerging markets. To further solidify this commitment, C2FO recently launched CycleFlow powered by C2FO in Nigeria, aimed at supporting micro, small, and medium enterprises (MSMEs). These entities represent a staggering 80% of jobs in Nigeria but often face significant hurdles when trying to secure working capital. CycleFlow revolutionizes the financing landscape by allowing smaller suppliers to convert their sales into cash without the complex credit histories typically required. This effort is intended to level the playing field in Africa’s largest economy.
In a time when interest rates are pressing heavily on CFOs globally, C2FO’s model offers direct alternatives to traditional borrowing. The platform allows suppliers to set their own discount rates based on their margin needs, thereby providing greater control. Additionally, cash typically arrives within a swift window of 24 to 48 hours, ensuring speed in financial operations. Furthermore, buyers can strengthen their supply chains without assuming additional credit risks, creating a resilient environment for trading partners.
As Alexander "Sandy" Kemper, the founder and CEO of C2FO based in Kansas City, stated, "Large companies are no longer turning to banks for capital; they realize that their receivables are their best source of funding." This philosophy fuels C2FO's mission to create a future where every business has access to the capital needed for growth. For more information about C2FO, visit their website at C2FO.com. With this award and milestone, the company not only reinforces its place in the global finance landscape but also showcases the potential of innovative financing solutions to transform the way businesses access capital around the world.
C2FO has achieved robust operational outreach, which has played a significant role in this achievement. The platform has facilitated over half a trillion dollars in funding to businesses globally, with an impressive record of zero credit losses. With more than one million businesses utilizing its services across 180 countries and territories, the impact of C2FO's operations is vast and growing. Colin Sharp, Chief Commercial Officer of C2FO, expressed the importance of receiving this award at the same time as surpassing the half-trillion dollar mark, stating, "The costs associated with payment delays are a huge burden for many businesses. We empower them to avoid debt and immediately reinvest their earned funds."
This IFC accolade particularly underscores C2FO’s success in addressing the financing gaps prevalent in emerging markets. To further solidify this commitment, C2FO recently launched CycleFlow powered by C2FO in Nigeria, aimed at supporting micro, small, and medium enterprises (MSMEs). These entities represent a staggering 80% of jobs in Nigeria but often face significant hurdles when trying to secure working capital. CycleFlow revolutionizes the financing landscape by allowing smaller suppliers to convert their sales into cash without the complex credit histories typically required. This effort is intended to level the playing field in Africa’s largest economy.
In a time when interest rates are pressing heavily on CFOs globally, C2FO’s model offers direct alternatives to traditional borrowing. The platform allows suppliers to set their own discount rates based on their margin needs, thereby providing greater control. Additionally, cash typically arrives within a swift window of 24 to 48 hours, ensuring speed in financial operations. Furthermore, buyers can strengthen their supply chains without assuming additional credit risks, creating a resilient environment for trading partners.
As Alexander "Sandy" Kemper, the founder and CEO of C2FO based in Kansas City, stated, "Large companies are no longer turning to banks for capital; they realize that their receivables are their best source of funding." This philosophy fuels C2FO's mission to create a future where every business has access to the capital needed for growth. For more information about C2FO, visit their website at C2FO.com. With this award and milestone, the company not only reinforces its place in the global finance landscape but also showcases the potential of innovative financing solutions to transform the way businesses access capital around the world.
Topics Financial Services & Investing）
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