8fig is a highly effective and flexible funding platform designed specifically for e-commerce businesses, providing quick access to capital, tailored financial solutions, and a seamless process to help businesses grow and scale with ease.
Price: $47/year
In today’s 8fig review, we’re looking at a company committed to empowering ecommerce leaders with flexible funding options, intuitive AI tools, and powerful analytical dashboards.
The ecommerce industry is growing at an incredible rate. Experts predict there will be 5.29 billion e-commerce users in 2027.
Plus, by 2026, e-commerce is expected to contribute around $8.148 billion in global sales.
However, while the growth of the landscape represents opportunities for entrepreneurs, it presents some challenges, too.
There’s a lot of competition out there, and ecommerce vendors often struggle with access to limited capital, human resources, and support. That’s where 8fig comes in.
More than just a source of ecommerce business funding, 8fig provides a complete suite of tools to optimize store growth.
With next-level AI tools to help supplement your C-Suite, and valuable resources for tracking opportunities, 8fig can help any ecommerce business thrive in a competitive market.
Let’s dive into our review of the 8fig platform.
Easily track and manage cash flow for your business without manual intervention, reducing financial stress and helping you maintain smooth operations.
Get funding tailored to your specific business needs, with the ability to scale as your business grows, ensuring you have the capital to expand as necessary.
Use AI-driven tools to forecast sales, inventory needs, and funding requirements, which helps you make better decisions based on real-time data and trends.
Seamlessly integrates with Shopify, Amazon, and other eCommerce platforms, streamlining operations and allowing for smoother management of your online store.
Provides financing specifically for inventory purchases, ensuring you have the stock you need when demand rises and helping you never miss a sales opportunity.
Repayment schedules are aligned with your sales cycle, offering flexible terms that match your business’s cash flow, making it easier to manage debt.
A quick and easy application process with minimal documentation required, ensuring you can obtain the funding you need without delay.
Gain actionable insights into sales trends, product performance, and other key metrics, helping you optimize your strategy and improve business outcomes.
Whether you access funding from 8fig or not, you can use the company’s “sales dashboard” to help drive your business forward.
This powerful, data-driven tool provides a behind-the-scenes look at your company’s performance, identifies new opportunities you may be missing, and more.
Since most e-commerce companies often don’t have access to their own C-Suite, the sales dashboard helps to augment your existing team with the analytical insights you need.
You can leverage information about competitor benchmarks, supply chain optimization, and cash flow.
Features include:
The “Operations” section of the 8fig platform is currently undergoing several changes and updates.
It’s where you’ll find the recently introduced “Freight with 8fig” service for managing your freight logistics for international sales.
It’s also home to a variety of valuable tools for ecommerce sellers, such as solutions for managing logistics and supply chains, tracking fulfillment, and automation.
You can even use intelligent tools to find freight leaders with the best deals for your business.
At the click of a button, ecommerce sellers can access useful quotes from freight providers around the world with no obligations.
You can also pay for your freight requirements on the platform and leverage funding from 8fig if you need help managing the costs.
In the future, 8fig will be introducing new tools to the Operations section for managing back-office logistics and other ecommerce business operations.
You may be wondering how much you can expect to pay for all the services offered by 8fig. Unlike most funding companies, 8fig calculates the fees you’ll need to pay based on your potential growth and risk.
This means every experience is tailored to each company.
The good news is that there are absolutely no upfront costs to worry about, and capital is provided at a fixed cost, so you can plan effectively.
There are no credit checks to worry about, as your store performance and projections influence your funding abilities.
Most importantly, 8fig provides a flexible repayment schedule. You can adjust your strategy at any time and grow at your desired pace without high interest rates.
Another factor that makes 8fig appealing to a wide range of ecommerce companies is its focus on excellent customer support.
The company works tirelessly to ensure that your data is kept secure and private at all times, and credit card information is never stored.
Additionally, the company tripled its employee headcount in 2022, ensuring that every business leader can access guidance when they need it most.
There’s a blog and FAQ on the 8fig website, where you can find useful insights into how to make the most of the service.
Additionally, the company has its own 24/7 support team, accessible through a contact form, email, or social media channels, allowing you to reach out if you have any questions.
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Overall, 8fig provides ecommerce business leaders with an incredible resource for creating and maintaining growth.
It’s not just a flexible funding provider; it also ensures companies can access all of the resources they need to find new opportunities and increase revenue.
With 8fig, business leaders can track their supply chains, improve their freight strategies, make granular changes to cash flow, and more, all without hiring an in-house financial team.
Additionally, as the company continues to invest in AI innovation, the platform is poised to become even more intuitive, providing brands with more opportunities for growth.
If you’re looking for a company to help turbocharge your ecommerce company’s performance, 8fig could be the perfect solution for you.
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