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C2FO partners with International Finance Corporation (IFC) in $30 million funding round to expand working capital platform
Contract Type
partnership
Description
C2FO, a working capital platform company, has announced the completion of a $30 million funding round with the International Finance Corporation (IFC). This partnership aims to accelerate the technical development and expansion of C2FO’s global platform to focus on emerging markets, with a specific focus on boosting jobs and strengthening economic opportunities for micro, small, and medium enterprises (MSMEs) in developing nations. IFC’s investment in C2FO highlights a shared commitment to developing a Nationwide Working Capital Platform across Africa, starting in Nigeria, with the potential to unlock tens of billions of dollars in annual financing for African MSMEs.