Bizcap, along with its US affiliate NewCo Capital Group, have introduced that it has acquired US fintech 8fig and that it has turn into a part of the Bizcap Group, marking a significant step within the fintech firm’s world growth and management in technology-led enterprise funding.
Based in 2020, 8fig has delivered greater than $500 million in funding to on-line sellers and developed its pioneering “AI CFO” software, enabling small companies to plan, forecast, and scale with confidence.
By becoming a member of Bizcap’s world ecosystem, 8fig will retain its independence below its present model and management, whereas having access to Bizcap’s capital power, world attain and operational experience. For Bizcap, the partnership highlights its power in integrating high-growth fintechs, reinforcing its world management in non-bank lending.
Bizcap World’s Co-Founder and Co-CEO Albert Gahfi mentioned 8fig’s imaginative and prescient for e-commerce innovation aligns with Bizcap’s mission to empower small companies with instruments and capital for progress.
“We’re impressed not simply by 8fig’s know-how, however by the way it’s constructed — with a powerful give attention to buyer wants, adaptability, and long-term success,” Gahfi mentioned.
“8fig has the precise platform, the precise folks, and the precise mindset to make a worldwide influence, and we’re excited to mix that power with Bizcap’s attain and experience to broaden our product providing and speed up market penetration.”
A world ecosystem for progress
Bizcap and its associates have delivered greater than $3 billion in funding to small to medium enterprises (SMEs) worldwide. Working in Australia, New Zealand, Singapore, the US, Canada, the UK, and Europe – and with growth plans for Mexico – Bizcap continues to broaden its product suite, together with its line of credit score providing.
The partnership with 8fig enhances Bizcap’s strengths in automated underwriting, AI-driven funding, and clever enterprise instruments. SMEs will achieve smarter options for money circulation, stock, and progress planning, whereas brokers and companions will entry broader choices, from working capital and credit score traces to structured progress financing.
Collectively, these developments will ship quicker, extra tailor-made entry to capital throughout areas, solidifying Bizcap’s place because the associate of alternative for enterprise finance.
The place funding meets intelligence
8fig’s superior know-how and AI-driven innovation will place Bizcap on the intersection of business funding and monetary intelligence, serving to SMEs to entry smarter and quicker funding options.
Zalman Blachman, Co-Founder and Co-CEO of Bizcap World, mentioned 8fig’s automated underwriting and servicing platform will speed up Bizcap’s ambitions.
“8fig turns complexity into velocity, accuracy, and intelligence. Their innovation amplifies our mission to ship quick, versatile capital and positions Bizcap on the forefront of the way forward for small enterprise lending,” Blachman mentioned.
Bizcap will combine 8fig’s AI-driven techniques, enabling the speedy growth of cheaper, longer-term funding merchandise and additional increasing its world market share. In the meantime, Bizcap’s world scale, operational experience, and entry to capital will gasoline 8fig’s subsequent part of progress.
Yaron Shapira, CEO of 8fig, mentioned the partnership will speed up progress by increasing know-how, getting into new markets, and forming strategic alliances with out funds limits.
“Our mission stays the identical: empowering SMEs and e-commerce companies to scale globally. With Bizcap’s gifted group beside us, we’re able to take that mission to new heights,” Shapira mentioned.
