CycleFlow, Powered by C2FO and International Finance Corporation, Launches Supply Chain Finance Platform in Nigeria

CycleFlow, Powered by C2FO and International Finance Corporation, Launches Supply Chain Finance Platform in Nigeria Initiative Aims to Unlock Affordable Financing for Nigerian MSMEs

LAGOS, Nigeria – April 2, 2026 – CycleFlow, powered by C2FO, has officially launched operations in Nigeria, marking the first phase of an ambitious nationwide working capital platform strategy targeting Africa and other emerging markets.

Supported by multiple banking partners, the platform has already secured commitments from both multinational corporations and local businesses. It is designed to connect financial institutions with large anchor buyers and their networks of micro, small, and medium enterprises (MSMEs), enabling faster and more affordable access to short-term financing.

Through the platform, financial institutions and participating buyers can provide liquidity to suppliers by purchasing and discounting approved invoices. This allows MSMEs to convert receivables into immediate cash—without collateral—by leveraging the stronger credit profiles of their buyers. The model helps level the playing field between smaller suppliers and larger firms while improving overall cash flow within the supply chain.

Chairman of CycleFlow, Segun Ogunsanya, described the launch as a transformative moment for Nigeria’s financial ecosystem. He noted that unlocking funds tied up in receivables will not only support businesses but also drive broader economic growth across sectors.

At full scale, the platform is projected to facilitate between $25 billion and $30 billion annually in financing for Nigerian businesses, positioning it as one of the largest supply chain finance initiatives for MSMEs in Africa. By integrating multiple banks, buyers, and suppliers into a single open system, the platform removes traditional financing barriers and enables access to capital at scale.

MSMEs play a critical role in Nigeria’s economy, accounting for up to 90 percent of businesses and contributing as much as 80 percent of employment across Africa. However, many face significant challenges accessing affordable working capital due to stringent collateral requirements, limited credit histories, and lengthy loan approval processes.

The CycleFlow platform addresses this gap by shifting the focus from the creditworthiness of MSMEs to that of their larger buyers. Once an invoice is approved, suppliers can receive early payment without the delays typically associated with traditional lending, even when payment terms extend up to 120 days.

Speaking on the initiative, Mohamed Gouled of the International Finance Corporation emphasized the role of development finance in unlocking growth. He noted that millions of MSMEs across Africa hold receivables that cannot easily be converted into working capital, and that the platform provides a scalable solution to this longstanding challenge.

The anticipated economic impact is substantial. According to IFC estimates, every $1 million in MSME financing can generate an average of 16.3 direct jobs over two years. At scale, the platform could support the creation of more than 480,000 direct jobs in Nigeria, with additional indirect employment multiplying that impact. Increased employment is expected to boost consumer spending and contribute to a potential 1 to 2 percent increase in Nigeria’s GDP.

Founder and CEO of C2FO, Alexander “Sandy” Kemper, described the launch as a key milestone in expanding access to capital globally. He highlighted Nigeria as both a strategic market and a model for how financial technology can drive economic transformation by improving liquidity for businesses of all sizes.

CycleFlow will leverage C2FO’s proprietary technology to connect suppliers, buyers, and financial institutions, enabling efficient receivables financing and early payment solutions.

Founded in 2008 and headquartered in Kansas City, C2FO has delivered over $486 billion in working capital to businesses worldwide through its on-demand platform.

CycleFlow operates as a Nigeria-based partner focused on expanding digital financing solutions, while the International Finance Corporation continues to support private sector development across more than 100 countries, with a strong emphasis on creating opportunities in emerging markets.