C2FO Boosts Businesses With $78 Billion in Working Capital in 2022 While Traditional Funding Sources Become More Costly and Diminish Globally

Kansas City, USA (January 17, 2023) — C2FO, the world’s on-demand working capital platform, finished 2022 strong in the face of shifting global financial conditions. The company’s focus on providing fast, flexible and equitable access to cash flow became an even more significant asset to businesses in 2022, particularly for small businesses and minority- and women-owned businesses, which typically have more challenges accessing capital. Facing high inflation and multiple interest rate increases throughout the year, businesses took control of their finances by utilizing C2FO’s platform and working capital products.

C2FO delivered a record-breaking $78 billion in funding to businesses worldwide, a 42% increase over 2021. This is $78 billion that the company’s supplier customers accessed without having to take on any form of debt, better positioning them for growth in 2023. The company’s buyer customers unlocked better returns on their cash, with the average buyer customer gaining more than $1 million in gross profit and EBITDA from C2FO in the fourth quarter alone. The launch of the C2FO CashFlow+™ Card, a Tearsheet’s finalist for the 2022 Most Innovative Payments award, and new strategic partnerships also contributed to C2FO customer growth.

“At the heart of our business is the desire to see our clients succeed and for all businesses to thrive. Because they chose to make C2FO an integral part of their cash flow management strategy in 2022, our customers were able to maximize returns, plan for the future, add jobs, stock inventory and more,” said C2FO founder and Chief Executive Officer Alexander “Sandy” Kemper.

Throughout 2022, C2FO stayed focused on its mission to ensure all businesses have the capital they need to thrive. On-demand access to capital, particularly in the face of dueling headwinds of rising inflation and interest rates, continued to highlight the importance of C2FO’s work and businesses’ needs to reduce costs and the timelines to receiving payment from their customers. C2FO helped companies reduce their cash conversion cycles by shrinking payment times by an average of 31.7 days through its Early Payment platform.

Because companies on the C2FO platform could access funding on their terms, they could innovate, purchase inventory and grow their businesses by adding vital positions to their teams, even in the face of increasingly challenging economic conditions. “Alfay Designs started using C2FO in 2020 when we had the opportunity to double our business with a customer, but at the same time, our terms increased to 60 days. C2FO helped us close that gap, and maintain our cash flow, and we continue to use it today. In 2022, this allowed us to focus on growth and think less about cash constraints,” said Jayme Smaldone, President of Alfay Designs.

“Companies like Alfay Designs are inspiring for our whole team. This is why we do what we do – so hundreds of thousands of businesses around the world have the capital they need to grow and thrive. For our supplier customers, this work has translated into $225 billion in lifetime funding that isn’t tied to a loan or tethered to a traditional financial intermediary. And our buyer customers benefit directly too — working with C2FO strengthened their supply chains and meaningfully improved their margins,” Kemper added.

C2FO’s global impact was further reinforced at the G20 and B20 Annual Summit in Indonesia. Attending representatives recognized C2FO as a way governments could “make a tangible difference toward supporting sustainable and inclusive long-term economic growth” and highlighted the company in a major policy paper published at the meeting.

Looking Ahead
C2FO’s customer growth in 2022 further showcases the company as a solid partner for businesses to incorporate into their financial strategies for 2023, a year many economists predict will be rife with financial challenges as business loans are expected to get more expensive. As the cost of loans continues to grow, qualifying for a loan will be even more challenging for businesses, in particular for small- and medium-sized businesses and businesses with diverse ownership. In light of this continuing challenge, C2FO’s Early Payment platform and suite of working capital products are the cornerstones of the company’s work to build a better, more inclusive financial system and remove traditional barriers to capital for all businesses.

About C2FO

C2FO is the world’s on-demand working capital platform, providing fast, flexible and equitable access to low-cost capital to nearly 2 million businesses worldwide. Using patented Name Your Rate® technology and a suite of working capital solutions, companies can get paid sooner by the world’s largest enterprises — unlocking billions in risk-free capital. With a mission of ensuring that every business has the capital needed to thrive, C2FO has delivered more than $225 billion in funding around the world. Founded in 2008 and headquartered in Kansas City, USA, with offices around the globe, C2FO is working to build a better, more inclusive financial system every day. To learn more, visit C2FO.com.