C2FO Recognized at B20 South Africa for Driving Inclusive Growth Through Early Payments

Strategic partnership with IFC highlighted in B20 policy paper as key to unlocking economic growth in emerging markets

KANSAS CITY, Mo., Sept. 9, 2025 /PRNewswire/ -- C2FO, the world's largest platform for working capital, has been recognized in the B20 South Africa policy recommendations presented to G20 leaders as a critical solution for driving inclusive economic growth through its innovative early payment platform.

The B20 policy paper specifically highlights C2FO's strategic partnership with the International Finance Corporation (IFC), a member of the World Bank Group, as an exemplary model for supporting small and medium-sized enterprises (SMEs) in developing economies.

"IFC, member of the World Bank Group, and C2FO have already established a strategic partnership to boost job growth and economic prosperity in emerging markets and developing economies," the B20 report states. "Their first joint initiative focuses on enhancing financing for local enterprises in Africa through the development of a specialised, web-based multinational working capital platform for MSMEs. This marks IFC's inaugural supply chain financing facility in Africa dedicated to smaller businesses, aiming to provide essential liquidity to MSMEs without relying on risk-based underwriting."

This partnership aligns with the IFC's African Trade and Supply Chain Finance Program (ATRI), which aims to address the $331 billion financing gap facing African MSMEs. The B20 paper notes that C2FO's technology platform serves as a critical "Platform Integrator" that can embed financial services directly into business operations through API collaborations, providing essential working capital to underserved businesses.

"Access to working capital should never be the barrier that holds back innovation or growth," said Alexander "Sandy" Kemper, CEO at C2FO. "We are honored to see our work recognized at the B20, and we remain committed to ensuring that every business—no matter how big or small—has the liquidity it needs to thrive."

The policy paper cites compelling data from a McKinsey Global Institute study with C2FO showing that early payment platforms can generate up to 3% growth of GDP and more than 5% employment growth for a nation's economy.

C2FO's scale is also highlighted in the report, noting that the platform "has over 2 million suppliers in its network and has provided users more than US$ 400 billion in funding globally, by ensuring that firms' invoices are 'timely paid'."

The B20 South Africa recommendations emphasize the importance of public-private partnerships in scaling such platforms nationwide, calling for policymakers and regulatory bodies to provide necessary support and for governments to utilize these platforms to ensure timely payments.

Gianluca Riccio, Chair of Business at OECD Finance Committee and lead author of the paper, said: "True progress comes from sparking self-sustaining economic opportunities that attract long-term capital, boost private sector participation, fuel innovation, and build robust local capacity. For example, boosting firms' working capital through early-payment platforms at national level can accelerate both employment and enduring economic growth."

The recognition of C2FO's work at the B20 underscores the critical role that innovative financial technology solutions play in addressing the working capital needs of businesses worldwide, particularly in emerging markets where access to traditional financing remains limited.

About C2FO:

C2FO is the world's largest platform for working capital. Our mission is to deliver a future where every company in the world has the capital needed to grow. We do this by connecting businesses to working capital solutions that enable them to improve cash flow and fund growth. Learn more at C2FO.com.

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SOURCE C2FO