Melbourne-based fintech Bizcap has acquired specialist e-commerce business funder 8fig in the US, which the company sees as a major step towards global expansion and its mission to become a leader in technology-led business funding.
The Texas-headquartered 8fig has delivered more than $500 million in funding to online sellers since it was founded in 2020, while also developing its pioneering "AI CFO" tool to enable small businesses to plan, forecast and scale their operations.
Bizcap, a non-bank lender that provides small businesses with fast and flexible business finance solutions, says the acquisition has been made through its US subsidiary NewCo Capital Group.
The company says 8fig will retain independence under its existing brand and leadership following the acquisition, while gaining access to Bizcap's capital strength, global reach and operational expertise.
Bizcap Global's co-founder and co-CEO Albert Gahfi says 8fig's vision for e-commerce innovation aligns with Bizcap's mission to empower small businesses with tools and capital for growth.
"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 says.
"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 delivered more than $3 billion in funding to SMEs worldwide through operations in Australia, New Zealand, Singapore, the US, Canada, the UK and Europe.
The company is planning to expand into Mexico while also broadening its product suite, including its line-of-credit offering.
Bizcap says its partnership with 8fig enhances its strengths in automated underwriting, AI-driven funding and intelligent business tools.
The company says SMEs will gain smarter solutions for cash flow, inventory and growth planning, while brokers and partners will access broader options, from working capital and credit lines to structured growth financing.
Through 8fig's advanced technology and AI-driven innovation, Bizcap sees its business positioned at the intersection of commercial funding and financial intelligence, helping SMEs to access smarter and faster funding solutions.
Zalman Blachman, co-founder and co-CEO of Bizcap Global, says 8fig's automated underwriting and servicing platform will accelerate Bizcap's ambitions.
"8fig turns complexity into speed, accuracy, and intelligence,” says Blachman.
“Their innovation amplifies our mission to deliver fast, flexible capital and positions Bizcap at the forefront of the future of small business lending."
Bizcap plans to integrate 8fig's AI-driven systems, enabling the rapid development of cheaper, longer-term funding products and further expanding its global market share.
Meanwhile, Bizcap's global scale, operational expertise and access to capital are expected to help fuel 8fig's next phase of growth.
Yaron Shapira, CEO of 8fig, sees this growth being facilitated by expanding the technology, entering new markets and forming strategic alliances without budget limits.
"Our mission remains the same: empowering SMEs and e-commerce businesses to scale globally,” says Shapira. “With Bizcap's talented team beside us, we're ready to take that mission to new heights."
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