Bizcap's Game-Changing Acquisition of 8fig: Supercharging AI-Powered Funding for E-commerce SMEs

Bizcap and NewCo Capital Group Acquire Israeli Fintech 8fig

Australian company Bizcap, along with its U.S. affiliate NewCo Capital Group, has acquired 8fig, an Israeli fintech startup that has developed a funding and management platform for e-commerce businesses.

Founded in 2020, 8fig has delivered more than $500 million in funding to online sellers and created its "AI CFO" platform, which enables small businesses to forecast, plan, and scale operations. The platform integrates cash flow, inventory, and supply chain planning tools.

The acquisition allows 8fig to retain its brand and leadership team while benefiting from Bizcap’s global reach, operational expertise, and access to capital.

Albert Gahfi, co-founder and co-CEO of Bizcap Global, emphasized the strategic alignment between the two companies. “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,” Gahfi said. “8fig has the right platform, the right people, and the right mindset to make a global impact.”

8fig has raised a total of $196.5 million to date. Its most recent funding round in May 2023 brought in $140 million, $40 million in equity and $100 million in debt, led by Koch Disruptive Technologies (KDT) with participation from Battery Ventures, LocalGlobe, Hetz Ventures, the Jesselson family, and Silicon Valley Bank, which provided the debt under its new ownership. The startup has raised $75 million in equity in total.

The company’s operations are split between Tel Aviv, where its R&D teams develop the AI platform, and Austin, Texas, where marketing, growth, product, and customer success teams are based.

CEO Yaron Shapira and CTO Assaf Dagan previously collaborated at Mercury Interactive (acquired by HP for $4.5 billion) and later joined the founding teams of Capriza (raised $70 million from Andreessen Horowitz) and Check (acquired by Intuit for $360 million). They met CRO Roei Yellin while building Qlarium, an underwriting platform backed by Prytek, which became 8fig’s investor. Yellin participated in over 30 fintech investments during his tenure at Prytek.

Yaron Shapira, CEO of 8fig, said: “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.”