Bizcap Expands Global Footprint by Welcoming 8fig for Enhanced Business Growth Funding

Bizcap Acquires 8fig: A New Era for Business Financing

In an exciting development for the fintech landscape, Bizcap, along with its US affiliate, NewCo Capital Group, has announced the acquisition of 8fig, marking a strategic advancement in business funding solutions. Founded in 2020, 8fig has quickly established itself as a key player in providing over $500 million in funding to online businesses while pioneering its proprietary "AI CFO" tool that aids in planning and scaling.

The collaboration symbolizes a significant milestone for Bizcap’s ongoing global expansion. Bizcap, which has delivered over $3 billion in funding to small and medium enterprises (SMEs) around the world, is committed to maintaining 8fig’s brand identity and management structure, even as it benefits from Bizcap's broader capital, expertise, and operational framework.

Enhanced Offerings through Partnership

Albert Gahfi, Co-Founder and Co-CEO of Bizcap Global, expressed enthusiasm about the merger, noting that 8fig's vision aligns with Bizcap's mission to empower SMEs by providing them with both the financial resources and technological tools they need for growth. He emphasized that 8fig’s customer-centric, flexible approach is what drew Bizcap to the company.

With this acquisition, Bizcap not only reinforces its standing as a leader in non-bank lending but also enriches its product suite, which includes services like automated underwriting and AI-driven funding solutions. This partnership is particularly beneficial for SMEs, as it will offer smarter options for managing cash flow, inventory, and growth planning.

A Global Network for SME Success

Bizcap operates across several countries, including Australia, New Zealand, Singapore, the US, Canada, the UK, and parts of Europe, with plans to expand into Mexico. By integrating 8fig’s technology into their operations, Bizcap aims to accelerate the delivery of tailored financial solutions to businesses internationally. As a result, brokers and partners will enjoy expanded opportunities, such as working capital options and structured growth financing.

Zalman Blachman, Co-Founder and Co-CEO of Bizcap Global, highlighted that the innovative features of 8fig's platform would enhance Bizcap’s ability to deliver quick funding solutions that meet the evolving needs of SMEs. Recognizing the complexity of financial requirements that small businesses face, Blachman pointed out that 8fig's offering transforms complicated processes into efficient and accessible solutions.

Fostering Future Innovation

In his remarks, Yaron Shapira, CEO of 8fig, maintained that the core mission of empowering SMEs and e-commerce entities remains unchanged. This partnership is poised to propel the company into new markets while developing advanced technologies. With no budget constraints, the synergy between 8fig and Bizcap will pave the way for the creation of next-generation funding products.

As the fintech sector evolves, the partnership between Bizcap and 8fig exemplifies a forward-thinking approach to business financing — one that leverages AI and technology to provide smarter, faster solutions for growth. This alliance is more than a merger; it's a commitment to fostering innovation and delivering exceptional value to SMEs worldwide.

About Bizcap

Founded in 2019, Bizcap is a prominent non-bank financing provider that specializes in quick and flexible funding solutions tailored for SMEs. The company has earned recognition for its efficient processes, offering approval in as little as three hours and same-day funding in many cases. With over 66,000 SMEs funded to date, Bizcap continues to maintain a Trustpilot rating of 4.9/5, reflecting its commitment to customer satisfaction.

About 8fig

8fig is an innovative funding and cash flow planning platform tailored for e-commerce sellers, launched in 2020. Its unique "AI CFO" integrates growth capital with essential financial tools, assisting online merchants in effectively managing cash flow and scaling their operations confidently. Thus far, 8fig has facilitated more than $500 million in funding, underscoring its significant impact on the e-commerce ecosystem.

Through this collaboration with Bizcap, both companies aim to redefine the future of business financing and support SMEs in navigating their growth journeys with enhanced resources and intelligent solutions.