DICK'S Sporting Goods announced it's partnering with C2FO to support the long-term success of diverse-owned and operated businesses by providing easy, transparent, affordable access to capital through early payments on approved invoices. The C2FO platform allows suppliers to accelerate payment on invoices of their choosing in exchange for a minimal discount. DICK'S will self-fund these early payments.

The partnership between DICK'S and C2FO is founded on each organization's mutual commitment to serving diverse-owned businesses. A diverse-owned business is a business that is majority (at least 51%) owned, operated, managed, and/or controlled by a diverse person or persons. 'Diverse' is defined as women, LGBTQ+, veterans, persons with disabilities and/or Black, Indigenous and People of Color.

DICK'S has committed to spending $300 million annually by 2025 with diverse-owned and operated businesses. C2FO's mission is to ensure every business has the capital needed to thrive. In 2021, diverse- owned businesses utilized the C2FO platform to secure funding 3.2 times more than other businesses.

So far in 2022, C2FO has accelerated more than $2 billion in early payments to diverse-owned businesses worldwide.