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C2FO Raises $30 Million With IFC to Enhance Global Platform

C2FO Raises $30 Million With IFC to Enhance Global Platform

April 17, 2025 Craig Etkin

KANSAS CITY, Mo., April 14, 2025 /PRNewswire/ — 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 shared commitment to boosting jobs and strengthening economic opportunities in emerging markets for micro, small and medium enterprises (MSMEs) worldwide. C2FO’s innovative platform leverages advanced technology to deliver dynamic funding, enabling suppliers — predominantly smaller businesses in regions like Africa — to access working capital faster and more efficiently than through traditional financing.

“IFC provides more than capital — our expertise in supply chain finance and fintech is instrumental in scaling C2FO’s operations,” said Farid Fezoua, IFC Global Director for Disruptive Technologies, Services and Funds. “This initiative will unlock the economic potential of smaller suppliers who cannot easily access needed working capital, driving growth and jobs.”

This investment follows the announcement of IFC’s strategic partnership with C2FO to develop a Nationwide Working Capital Platform across Africa, starting in Nigeria. That initiative, which is expected to launch later in 2025, has the potential to unlock tens of billions of dollars in annual financing for African MSMEs.

“Having IFC as an investor is a great honor for us and a catalyst that will accelerate our shared mission to fully scale a global, durable, inclusive and sustainable platform for the world’s businesses,” said C2FO CEO and Founder Alexander “Sandy” Kemper.

C2FO’s innovative 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.

“C2FO believes when everyone has the capital they need to grow, everyone benefits. It fosters innovation, job growth and a more resilient economy,” explained Kemper. “That’s why we’ve created a platform where businesses can access low-cost, efficient working capital on demand without the burdens of traditional credit-based lending.”

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.

About C2FO
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. To learn more about C2FO, the world’s market for working capital®, visit C2FO.com.

About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in over 100 countries, using our capital, expertise and influence to create markets and opportunities in developing countries. In fiscal year 2024, IFC 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. For more information, visit www.ifc.org.

Media Contact
Carrie Bratcher
pr@c2fo.com
+1-816-682-9973

SOURCE C2FO

Copyright © 2025 Cision US Inc.


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C2FO, Cision, Kansas City, Missouri, PRNewswire, Venture Capital

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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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