Bizcap Acquires 8fig to Boost Financial Solutions for Small Businesses
Non-bank lender Bizcap has made a significant move by acquiring the financial technology company 8fig, based in the United States. This acquisition aims to enhance processes that facilitate smarter and faster financing options for small and medium-sized enterprises (SMEs).
Empowering Small Businesses through Technology
Through its American subsidiary, NewCo Capital Group, Bizcap has partnered with 8fig to leverage its innovative “AI CFO” technology. Founded in 2020, 8fig specializes in empowering small businesses with tools for planning, forecasting, and scaling their operations efficiently.
Maintaining Independence While Expanding Reach
Post-acquisition, 8fig will continue to operate independently under its existing brand and management. This will enable the company to retain its unique identity while enjoying the advantages of Bizcap’s extensive global expertise and reach in the non-bank lending sector.
Shared Goals for Growth
Albert Gahfi, co-founder and co-CEO of Bizcap, highlighted that the partnership emphasizes the companies’ shared missions. Both organizations aim to equip small businesses with essential tools and capital for sustainable growth. Gahfi noted, “We are impressed not only by 8fig’s technology but also by its customer-centric approach, which focuses on adaptability and long-term success.”
Innovative Financing Solutions for SMEs
The collaboration is poised to strengthen Bizcap’s capabilities in automated underwriting, AI-driven financing, and intelligent business tools. As a result, SMEs will benefit from enhanced solutions tailored for cash flow management, inventory control, and growth planning.
Creating a Seamless Integration of Technology
As part of this strategic move, Bizcap plans to integrate 8fig’s advanced AI systems. This will facilitate the rapid development of cost-effective, long-term financing products, thereby increasing Bizcap’s global market share and empowering SMEs to access the funds they need more efficiently.
Future Perspectives: A Stronger Partnership
8fig CEO Yaron Shapira expressed optimism about the partnership, stating that it positions the company to expand its technology, enter new markets, and forge strategic alliances. Shapira affirmed, “Our mission remains unchanged: to enable SMBs and e-commerce businesses to grow globally. With Bizcap’s talented team, we are excited to elevate this mission.”
The acquisition of 8fig by Bizcap signifies a substantial step forward in enhancing financial solutions available to small businesses. With this collaboration, both companies are set to redefine the landscape of small business lending.