C2FO, the world’s on-demand working capital platform, has announced the completion of a $30 million funding round with the International Finance Corporation (IFC), a member of the World Bank Group, and existing shareholders.
This infusion of capital will help accelerate the “technical development and expansion of C2FO’s global platform to focus on emerging markets.”
IFC’s investment in C2FO underscores a commitment to boosting jobs and strengthening economic opportunities in emerging markets for micro, small and medium enterprises (MSMEs) worldwide.
C2FO’s platform leverages technology to deliver dynamic funding, enabling suppliers to access working capital “faster and more efficiently than through traditional financing.”
Farid Fezoua, IFC Global Director for Disruptive Technologies, Services and Funds said:
“IFC provides more than capital — our expertise in supply chain finance and fintech is instrumental in scaling C2FO’s operations/ This initiative will unlock the economic potential of smaller suppliers who cannot easily access needed working capital, driving growth and jobs.”
C2FO’s platform makes working capital “accessible to all businesses, allowing them to access funds tied up in accounts receivable through dynamic discounting and supply chain financing programs.”
With operations around the globe, C2FO already facilitates “a material amount of liquidity to emerging markets.”
In 2024, more than $13 billion in funding was “provided to over 20,000 businesses in developing nations around the world through C2FO.”
As C2FO continues to grow, it remains dedicated to its “mission of providing accessible and efficient working capital solutions, empowering businesses to thrive in an increasingly competitive landscape.”
The strategic and financial support from IFC is a “pivotal step in realizing this mission and expanding the impact of C2FO’s services on a global scale.”
As noted in the update, C2FO is the world’s on-demand working capital platform, providing businesses “with fast, flexible and equitable access to low-cost capital.”
C2FO enables trust and transparency in working capital finance “through its suite of solutions using patented Name Your Rate technology that enables companies to be paid sooner by the world’s largest enterprises.”
Currently serving hundreds of thousands of business customers globally, the platform has delivered more than “$400 billion in risk-free capital since its inception.”
Founded in 2008 and headquartered in Kansas City, USA, with offices around the globe, C2FO’s mission is to “ensure every business has the capital needed to thrive.”
As mentioned in the announcement, IFC — a member of the World Bank Group — is “the largest global development institution focused on the private sector in emerging markets.”
They work in over 100 countries, “using their capital, expertise and influence to create markets and opportunities in developing countries.”
In fiscal year 2024, IFC reportedly committed a record “$56 billion to private companies and financial institutions in developing countries, leveraging private-sector solutions and mobilizing private capital to create a world free of poverty on a livable planet.”