MYND Fintech has acquired C2FO, the world’s on-demand working capital platform, for an undisclosed amount. This strategic acquisition sees MYND Fintech taking full ownership of C2FO, integrating its innovative solutions into MYND Fintech’s broader financial technology offerings.
C2FO, founded in 2008 and headquartered in Kansas City, USA, specializes in providing fast, flexible, and equitable access to low-cost capital for businesses globally. The company utilizes its patented Name Your Rate® technology and a suite of working capital solutions to enable companies to get paid sooner by large enterprises. To date, C2FO has delivered over $360 billion in funding worldwide, aiming to ensure every business has the capital needed to thrive. MYND Fintech is a prominent financial technology firm focused on delivering advanced solutions across the financial services sector.
The acquisition is expected to create significant synergies, combining C2FO’s established working capital expertise and extensive network with MYND Fintech’s technological infrastructure and market reach. This move will allow MYND Fintech to expand its portfolio of financial solutions, particularly in the critical area of liquidity and supply chain finance. The integration of C2FO’s platform is anticipated to enhance MYND Fintech’s ability to offer comprehensive and accessible financial tools to a wider array of businesses, from small enterprises to large corporations.
This acquisition underscores MYND Fintech’s commitment to strengthening its position in the fintech landscape and addressing the evolving capital needs of businesses. The combined entity is poised to accelerate innovation in working capital solutions, providing enhanced value and greater financial flexibility to businesses seeking efficient and equitable access to capital in a dynamic global economy.