Bizcap Expands Global Footprint with the Acquisition of 8fig
Bizcap Welcomes 8fig into Its Global Family
Bizcap has made headlines recently with the exciting news of its acquisition of 8fig. This strategic move positions Bizcap to significantly enhance its global reach and leadership within the fintech sector. Notably, this partnership is not just about expanding Bizcap's portfolio; it also represents a commitment to innovative technology-driven funding solutions for small and medium enterprises (SMEs).
The Evolution of 8fig
8fig has gained recognition since its inception in 2020, successfully delivering over $500 million in funding specifically tailored for online sellers. The company's innovative "AI CFO" tool empowers these businesses to confidently manage their financial planning and forecasting, solidifying its status as a critical player in e-commerce funding.
The Strength of the Partnership
By joining the Bizcap ecosystem, 8fig will maintain its unique brand and leadership structure, while capitalizing on Bizcap's extensive resources, expert guidance, and robust financial backing. This collaboration represents a powerful alliance in the realm of non-bank lending, emphasizing Bizcap's growth strategy and commitment to fintech innovation.
Impact on SMEs
Bizcap has a notable track record, having provided over $3 billion in funding to SMEs across various regions, including countries such as Australia, New Zealand, the US, and Canada. The integration of 8fig's technology will enrich Bizcap's offerings, equipping SMEs with automated underwriting solutions, AI-powered funding mechanisms, and advanced business tools, further enhancing their cash flow management and growth planning capabilities.
The Future of Financing
This partnership is not just an expansion for Bizcap; it's a strategic step toward creating a more efficient and technology-driven funding landscape. The forthcoming enhancements in automated services and intelligent funding solutions signify an exciting future for SMEs looking for flexible financing options.
Transforming Business Funding with Innovation
As the demand for speed and efficiency in funding solutions grows, 8fig's advanced technology and innovative approach will perfectly align with Bizcap's mission to offer quick and reliable financial support. The integration of 8fig's automated systems into Bizcap’s infrastructure will pave the way for cheaper and longer-term funding products.
Leadership Perspectives
Albert Gahfi, Co-Founder and Co-CEO of Bizcap, expressed optimism about the potential synergies between the two companies. He highlighted that 8fig's vision aligns perfectly with Bizcap's mission to empower SMEs with effective financing solutions, allowing businesses to scale confidently within the e-commerce sector.
Commitment to the Future
With Yaron Shapira, CEO of 8fig, overseeing the integration, there is a shared commitment to driving growth through technology. The acquisition will allow 8fig to thrive in new markets and build strategic partnerships, unencumbered by budgetary limitations. Their dedication to empowering SMEs remains steadfast, with a collective aim of accelerating the growth trajectory for businesses worldwide.
About Bizcap
Founded in 2019, Bizcap is committed to providing SMEs with fast and flexible financing solutions. With approvals in as little as three hours and a remarkable Trustpilot rating, Bizcap has successfully funded over 66,000 SMEs, underlining its influential presence in the global financing landscape.
About 8fig
8fig, founded by Yaron Shapira, Assaf Dagan, and Roei Yellin, focuses on the unique needs of e-commerce sellers. Since its establishment, 8fig has revolutionized funding and cash flow management through its AI-driven platform, significantly improving the forecasting and scaling capabilities for online sellers.
Frequently Asked Questions
What is the significance of Bizcap acquiring 8fig?
This acquisition enhances Bizcap's global reach and technological capabilities, allowing for better funding solutions for SMEs.
How does 8fig support e-commerce sellers?
8fig provides an AI-powered CFO tool that aids online sellers in cash flow management and financial forecasting.
What role will 8fig maintain within Bizcap?
8fig will continue to operate under its own brand and leadership while benefiting from Bizcap's resources.
What are Bizcap's funding ambitions following this acquisition?
Bizcap aims to enhance its funding offerings significantly and expand its market presence with innovative fintech solutions.
How has Bizcap been rated by its clients?
Bizcap holds a Trustpilot rating of 4.9/5, reflecting its commitment to customer satisfaction and reliability in funding solutions.
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