Albertsons Companies recently announced it has expanded its vendor partnerships to include C2Fo, an online platform for working capital, in an effort to increase supplier diversity through early payments. the new partnerships will help diverse-owned brands alleviate immediate capital challenges by providing more funding for these businesses at significantly lower rates.
“Accelerated payment of receivables is essential for all businesses in need of greater liquidity, but especially for those that may be underrepresented and underfunded in our current financial system,” said Alexander “Sandy” Kemper, founder and CEO of C2FO. “We want to position these diverse suppliers for long-term success and can start by offering the working capital needed to grow and stay strong in this difficult economic climate. We are honored to join Albertsons Companies in their ongoing efforts to support the partners and communities it serves.”
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