Bizcap inks deal to acquire fintech firm 8fig

The benefits of the partnership are twofold: 8fig gains access to Bizcap’s capital base, international reach and operational expertise. Bizcap, meanwhile, will be able to tap into the fast-growing funding platform’s expertise in automated underwriting, AI-driven funding and intelligent business tools. As a result, SMEs will have access to faster, cheaper product solutions, regarding cash flow, inventory and growth planning, while brokers and partners will be able to access broader options, from working capital and credit lines to structured growth financing, Bizcap said.