C2FO

Global Survey Finds Business Leaders Optimistic About 2024 Despite Working Capital Challenges

Retrieved on: 
Wednesday, May 1, 2024
Sharp, DSO, SCF, Health, C2FO, Optimism, Anxiety, Growth, International Finance Corporation, Bank

KANSAS CITY, Mo., May 1, 2024 /PRNewswire/ -- The majority of today's business leaders expect to see revenue growth this year, with 32% believing revenues will grow by more than 10%, according to the 2024 Working Capital Survey from C2FO, the world's on-demand working capital platform.

Key Points: 
  • KANSAS CITY, Mo., May 1, 2024 /PRNewswire/ -- The majority of today's business leaders expect to see revenue growth this year, with 32% believing revenues will grow by more than 10%, according to the 2024 Working Capital Survey from C2FO , the world's on-demand working capital platform.
  • Nearly 60% said that increasingly longer payment terms with customers require them to find alternative sources of working capital to fund their growth goals.
  • The survey, conducted in January 2024, asked over 1,000 financial decision-makers and executives in the United States, the United Kingdom, Mexico and India to determine their economic outlook and current working capital usage and needs.
  • As the global leader in working capital, C2FO is working to ensure solutions are available to businesses of every size and industry.

Singing Machine Secures $2 Million Senior Credit Facility

Retrieved on: 
Wednesday, April 3, 2024
C2FO, Singing, Bank

Fort Lauderdale, FL, April 03, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine”) (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, today announced the closing of a $2 million senior credit facility with Oxford Commercial Finance, a subsidiary of Oxford Bank. The credit facility has a 2-year term and is intended to support the funding of accounts receivable generated from ongoing sales.

Key Points: 
  • Fort Lauderdale, FL, April 03, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (“Singing Machine”) (NASDAQ: MICS) – the worldwide leader in consumer karaoke products, today announced the closing of a $2 million senior credit facility with Oxford Commercial Finance, a subsidiary of Oxford Bank.
  • The credit facility has a 2-year term and is intended to support the funding of accounts receivable generated from ongoing sales.
  • The Company has historically financed both accounts receivable and inventory working capital needs through a combination of working capital lines of credit with various senior lenders.
  • The Oxford credit facility is intended to expand the financing on receivables that are not already approved for accelerated payments through the C2FO program.

Ontra Welcomes Leslie Olsen as Chief Marketing Officer

Retrieved on: 
Wednesday, March 6, 2024
SAN, C2FO, Marketing, Intelligence, Growth, KKR, International political economy, University, San Francisco Bay Area, ABM, Science, Fundbox, PEI, Cryptocurrency

SAN FRANCISCO, March 6, 2024 /PRNewswire/ -- Ontra, the leading provider of AI-powered legal technology solutions for the world's most prominent private capital investment firms, today announced the appointment of Leslie Olsen as Chief Marketing Officer.

Key Points: 
  • SAN FRANCISCO, March 6, 2024 /PRNewswire/ -- Ontra, the leading provider of AI-powered legal technology solutions for the world's most prominent private capital investment firms, today announced the appointment of Leslie Olsen as Chief Marketing Officer.
  • Leslie brings over 20 years of experience as a deeply customer-centric marketing leader focused on delivering profitable growth.
  • Leslie will oversee strategic marketing for Ontra's Legal Operating System, which leverages artificial intelligence to automate critical legal workflows across fundraising, portfolio investment, and fund operations.
  • "Throughout my career, I've been drawn to companies that address critical pain points for customers in unique and innovative ways," said Leslie Olson, Chief Marketing Officer at Ontra.

Albertsons Companies Seeks Innovative, Diverse-Owned Brands, Hosts Fourth Annual Supplier Diversity Program

Retrieved on: 
Monday, January 22, 2024
Supply Chain Management, LGBTQ+, Professional Services, Online Retail, Supermarket, People with Disabilities, Specialty, Consumer, Small Business, Food, Beverage, DEI (Diversity, Equity and Inclusion), Retail, Women, Albertsons, GVP, Woman, Culture, Partnership, C2FO, ACME, Safeway, Supplier, Veteran, Disability, Radius, Jewel-Osco, ACI

As part of the company’s ongoing commitment to fostering diversity, equity, inclusion and belonging, the Albertsons Cos.

Key Points: 
  • As part of the company’s ongoing commitment to fostering diversity, equity, inclusion and belonging, the Albertsons Cos.
  • Supplier Diversity Program is designed to discover, support and give diverse-owned suppliers the opportunity to expand their business with Albertsons Cos. and its stores.
  • Supplier Diversity Program also works closely with diverse business owners to overcome challenges and various barriers including access to working capital.
  • Last year, nearly 500 businesses submitted applications for the Supplier Diversity Program and more than 60 diverse-owned brands were selected to meet with the Albertsons Cos. merchandising team.

B20 and C2FO Collaborate on Solutions for Micro, Small and Medium-Sized Businesses

Retrieved on: 
Tuesday, August 29, 2023
BIAC, Kemper, Employment, United Nations, CFA, International Finance Corporation, Face, C2FO, Reserve Bank of India, Policy, SME, Business, OECD, Kelly Ward, Research, McKinsey & Company, Gross domestic product, GDP, MSME & Startups Forum - Bharat, United, Reserve Bank, National Platform Open Science, Bank of Italy, G20, Growth, Bank, B20, Cryptocurrency

KANSAS CITY, Mo., Aug. 29, 2023 /PRNewswire-PRWeb/ -- C2FO, the world's on-demand working capital platform, is proud to announce its collaboration with the Business 20 (B20) and inclusion in a major policy paper published at the 2023 B20 meeting in New Delhi, India. The B20 is the official dialogue forum between the global business community and the G20, the key forum for intergovernmental leaders around the globe. The paper addresses the challenges micro, small and medium-sized enterprises (MSMEs) face in accessing working capital and provides global leaders with actionable recommendations for achieving sustainability targets with inclusive long-term employment and economic growth.

Key Points: 
  • The B20 is the official dialogue forum between the global business community and the G20, the key forum for intergovernmental leaders around the globe.
  • In addition to C2FO's work with the B20, the company is an active member of the SME Finance Forum.
  • As a member of this global network, C2FO engages in dialogue about policy changes to promote SME financing worldwide.
  • C2FO remains committed to ensuring every business has access to the capital it needs to thrive.

Empowering Businesses Worldwide: C2FO Celebrates $300 Billion in Funding for Businesses

Retrieved on: 
Tuesday, August 1, 2023
C2FO, European Central Bank, EBITDA, Federal Reserve, Central bank, Federal, Bank

KANSAS CITY, Mo., Aug. 1, 2023 /PRNewswire/ -- C2FO, the world's on-demand working capital platform, today announced that on July 21, it passed the $300 billion mark in total funding to its customers. This record funding amount reflects invoices paid an average of 31 days early via C2FO's working capital platform. C2FO gets vital, low-cost capital into customers' hands quickly so they can take advantage of growth opportunities and plan for today's changing and often challenging times.

Key Points: 
  • This record funding amount reflects invoices paid an average of 31 days early via C2FO's working capital platform.
  • C2FO reached $300 billion in accelerated funding less than 1.5 years after surpassing $200 billion in funding in March 2022.
  • With limited support from the traditional financial system, businesses face reduced access to funding and an increased cost for that funding.
  • Learn more about C2FO's suite of working capital solutions for businesses, its global network and worldwide impact by visiting c2fo.com .

Transforming Mexico's Supply Chain: Unlocking Solutions to the Cash Flow Crunch for Micro, Small and Medium Enterprises

Retrieved on: 
Tuesday, July 18, 2023
MEXICO, Employment, Face, MSME, McKinsey & Company, Grupo Posadas, Gross domestic product, GDP, MSME-Champions, Growth, System, Drug, Bank, Sales, C2FO, Mexican

MEXICO CITY, July 18, 2023 /PRNewswire/ -- C2FO, the world's on-demand working capital platform, today announced its further expansion into Mexico with the creation of a Mexican subsidiary. This move bolsters C2FO's global presence and reinforces its commitment to empowering all businesses with fast, flexible and equitable access to working capital. C2FO's growth across the Mexican market also unlocks fresh opportunities for new and current enterprise customers and their suppliers.

Key Points: 
  • Established relationships with three major enterprises, including Walmart México, already offer local suppliers access to C2FO's working capital solutions.
  • But millions more micro, small and medium enterprises (MSMEs) need easier access to fast, flexible and equitable working capital — something that could transform the Mexican economy.
  • C2FO's dynamic working capital platform is a game-changer for enterprises looking to solve the working capital crunch for their business and their supply chain.
  • Learn more about C2FO's suite of working capital solutions for businesses, its global network, and its worldwide impact by visiting C2FO.com .

GTreasury and C2FO Partner to Provide Enhanced Liquidity Management Solutions for Treasurers

Retrieved on: 
Thursday, June 8, 2023
C2FO, Corporate development, Treasury, Risk, Ecosystem, Treasurer, Security (finance), Partnership

Together, GTreasury and C2FO are able to provide treasurer customers a comprehensive cash management and early payment solution that improves liquidity forecasting and optimizes cash flow.

Key Points: 
  • Together, GTreasury and C2FO are able to provide treasurer customers a comprehensive cash management and early payment solution that improves liquidity forecasting and optimizes cash flow.
  • Flexible liquidity management solutions that support end-to-end cash visibility are vital for continued enterprise growth and planning.
  • “We are thrilled to partner with GTreasury to provide enterprises with a best-in-class comprehensive liquidity solution,” said C2FO’s Senior Vice President of Partnerships, Allison Baker.
  • This partnership will allow our customers to extend their treasury workflow, resulting in further optimization and management of their cash.”

C2FO Celebrates Milestone and Unveils New Brand and Website

Retrieved on: 
Wednesday, April 26, 2023
C2FO, BISU Visual Identity, CS, EBITDA, Cryptocurrency, Online shopping

KANSAS CITY, Mo., April 26, 2023 /PRNewswire/ -- C2FO is the first and only platform to provide on-demand working capital to suppliers of major enterprises worldwide. In celebration of its 15th anniversary, the company announced the launch of a new brand and an enhanced website that bring the company's commitment to ensuring businesses have the capital needed to thrive front and center.

Key Points: 
  • C2FO brings this mission to life by delivering financial and technology solutions that create a better, more inclusive financial system.
  • For enterprise customers, C2FO delivers hundreds of millions of dollars of gross profit annually, improves EBITDA and helps strengthen and diversify supply chains.
  • "C2FO is helping businesses solve the cash flow crunch and fuel them with fast, flexible and equitable access to low-cost capital.
  • Every day, businesses use the C2FO platform to unlock capital that would not be otherwise available," said Alexander "Sandy" Kemper, founder and CEO of C2FO.

C2FO Recognized for B2B Payments Innovation in 7th Annual FinTech Breakthrough Awards Program

Retrieved on: 
Thursday, March 23, 2023
Cash, Fintech, Digital banking, Visa Inc., Card, GM, Head, Regulatory technology, Sutton Bank, Environment, Lingle v. Chevron U.S.A. Inc., Bank, Payment card, Investment, C2FO, Visa

KANSAS CITY, Mo., March 23, 2023 /PRNewswire/ -- C2FO, the world's on-demand working capital platform, today announced that it has been selected as the winner of the B2B Payments Innovation Award in the seventh annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global fintech market today.

Key Points: 
  • KANSAS CITY, Mo., March 23, 2023 /PRNewswire/ -- C2FO , the world's on-demand working capital platform, today announced that it has been selected as the winner of the B2B Payments Innovation Award in the seventh annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough , an independent market intelligence organization that recognizes the top companies, technologies and products in the global fintech market today.
  • The FinTech Breakthrough Award recognizes the breakthrough innovation of C2FO's CashFlow+™Card, which was added to the company's suite of working capital products in 2022.
  • The FinTech Breakthrough Awards is the premier awards program founded to recognize the fintech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more.
  • The 2023 FinTech Breakthrough Awards program attracted more than 4,000 nominations from across the globe.