Bizcap and its US affiliate NewCo Capital Group have acquired 8fig, marking a significant step in the fintech firm’s global expansion and its focus on technology-led business funding.
Founded in 2020, 8fig has provided more than US$500 million in funding to online sellers and developed its “AI CFO” tool to help small businesses plan, forecast, and scale.
By joining Bizcap’s global ecosystem, which has operations in Singapore, 8fig will continue operating independently under its existing brand and leadership while gaining access to Bizcap’s capital resources, international reach, and operational expertise.
Bizcap Global Co-Founder and Co-CEO Albert Gahfi said 8fig’s vision for e-commerce innovation aligns with Bizcap’s mission to support small businesses with the tools and funding they need to grow.
“We’re impressed not just by 8fig’s technology, but by how it’s built, with a strong focus on customer needs, adaptability, and long-term success,”
he said.
“8fig has the right platform, the right people, and the right mindset to make a global impact, and we’re excited to combine that strength with Bizcap’s reach and expertise to broaden our product offering and accelerate market penetration.”
Bizcap and its affiliates have provided more than $3 billion in funding to SMEs in markets including Australia, New Zealand, Singapore, the US, Canada, the United Kingdom, and Europe, with expansion plans for Mexico.
The acquisition will strengthen Bizcap’s use of automated underwriting, AI-driven funding, and data-led business tools, offering SMEs more tailored solutions for managing cash flow, inventory, and growth.
Bizcap will integrate 8fig’s AI systems to develop more efficient, longer-term funding products and expand its global market share.
8fig CEO Yaron Shapira said the partnership will support the company’s growth and technology expansion.
“Our mission remains the same: empowering SMEs and e-commerce businesses to scale globally. With Bizcap’s talented team beside us, we’re ready to take that mission to new heights,”
he said.
Featured image credit: Edited by Fintech News Singapore, based on image by freepik
