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

Prestigious International Awards Program honors outstanding products and companies in financial technology

KANSAS CITY, Mo., March 23, 2023 /PRNewswire/ — C2FOthe world’s on-demand working capital platform, announced today 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 breakthroughan independent market intelligence organization that recognizes the best companies, technologies and products in the global fintech market today.

The FinTech Breakthrough Award recognizes the ground-breaking innovation of C2FO’s CashFlow+™Card, which was added to the company’s line of working capital products in 2022. This innovative early payment rewards card provides another fast, flexible and easy way for businesses to control their cash flow. As an extension of C2FO’s Early Payment program, which has over delivered 262 billion dollars in working capital worldwide since 2008, the CashFlow+ card has provided significant value to C2FO’s customers. Card users get paid in full without offering a discount to their buyers and get 1% cash back on all purchases. The card is issued by Sutton Bank and pursuant to a license from Visa® Inc.

“We are delighted to have the CashFlow+ card selected by FinTech Breakthrough as this year’s B2B Payments Innovation Award recipient,” said Karan Sarin, senior vice president and GM of card products at C2FO. “We created this card to build on C2FO’s long-standing goal of enabling our customers to better protect their margins and improve cash flow by helping them get paid early. And in this environment, we know it’s more critical than ever for businesses to have access to cash flow. Between customer response to the card and the recognition from FinTech Breakthrough, we know the CashFlow+ card is a solid unique solution for businesses.”

C2FO continues to expand the functionality of the card, and in February 2023, announced several new features, including automatic loading of funds, the ability for C2FO customers to transfer money from external accounts to the customer’s card, and the ability to add authorized users. Additional features are coming later this year.

“Companies are facing a cash flow crunch unlike any we’ve seen in recent years. The CashFlow+ card, combined with the company’s Early Payment platform, addresses this need directly and serves as a powerful addition to C2FO’s suite of working capital solutions that help businesses get paid faster ,” so James Johnson, CEO of FinTech Breakthrough. “The CashFlow+ card reimagines the entire B2B payment process, giving businesses more options and flexibility. Congratulations to C2FO for winning the B2B Payments Innovation Award!”

The FinTech Breakthrough Awards is the premier awards program founded to recognize fintech innovators, leaders and visionaries from around the world across 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 around the world.

C2FO CashFlow+^™ Visa^® Cards are issued by Sutton Bank pursuant to license from Visa Inc.
Visa is a registered trademark of Visa, USA Inc. All other trademarks and service marks belong to their respective owners.

About C2FO

C2FO is the world’s on-demand working capital platform, providing fast, flexible and fair access to low-cost capital to nearly 2 million businesses worldwide. Using patented Name Your Rate® technology and a suite of working capital solutions, businesses can get paid faster by the world’s largest businesses – unlocking billions in risk-free capital. With a mission to ensure that every business has the capital needed to thrive, C2FO has delivered more than 262 billion dollars in financing around the world. Founded in 2008 and headquartered in Kansas City, USA, with offices around the world, C2FO works to build a better, more inclusive financial system every day. To learn more, visit C2FO.com.

About FinTech Breakthrough
Portion of Technical breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership worldwide, the FinTech Breakthrough Awards program is dedicated to honoring excellence in financial technologies and services, companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including payments, personal finance, wealth management, fraud protection, banking, lending, RegTech, InsurTech and more. For more information, visit FinTechBreakthrough.com.

Contact:
Sarah Makara
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SOURCE C2FO