Bizcap, in collaboration with its US affiliate NewCo Capital Group, has announced the acquisition of 8fig, a fintech company known for its AI CFO tool that aids small businesses in planning and scaling. Founded in 2020, 8fig has provided over $500m in funding to online sellers. This acquisition marks a significant step in Bizcap’s global expansion, enhancing its leadership in technology-led business funding.
8fig will maintain its brand and leadership whilst benefiting from Bizcap’s capital strength and global reach. Albert Gahfi, Co-Founder and Co-CEO of Bizcap Global, stated, “8fig’s vision for ecommerce innovation aligns with Bizcap’s mission to empower small businesses with tools and capital for growth.” The partnership will enable Bizcap to integrate 8fig’s AI-driven systems, facilitating the development of more affordable, long-term funding products.
Bizcap, which operates in regions including Australia, New Zealand, Singapore, the US, and Europe, has delivered over $3b in funding to SMEs. The acquisition will bolster Bizcap’s offerings in automated underwriting and intelligent business tools, providing SMEs with smarter solutions for cash flow and growth planning.
Yaron Shapira, CEO of 8fig, expressed enthusiasm about the partnership, noting it will accelerate growth by expanding technology and entering new markets. With Bizcap’s support, 8fig aims to continue empowering SMEs and ecommerce businesses globally. This strategic move positions Bizcap at the forefront of small business lending, combining commercial funding with financial intelligence.
