Blockchain
8fig Launches “Freight with 8fig” to Bring Competitive Freight Rates to Ecommerce Sellers
The new offering from 8fig provides ecommerce businesses with a complete freight solution at favorable rates and repayment terms
Austin, Texas–(Newsfile Corp. – February 7, 2023) – 8fig, the funding and supply chain management platform for ecommerce businesses, has announced the launch of Freight with 8fig. The latest addition enables online sellers to manage their entire freight cycle from within the platform and benefit from competitive freight rates and repayment terms.
8fig provides optimized funding for ecommerce businesses based on a comprehensive planning platform for supply chains, marketing, and sales. The funds are disbursed incrementally according to each business’s needs to maintain the necessary cash flow for scaling.
Now, with Freight with 8fig, ecommerce sellers can benefit from a streamlined process of requesting and receiving quotes.
The launch of Freight with 8fig concludes a year of stellar growth for the company, which saw its user count soar by 440% and its number of applications grow by 2515% over the course of 2022.
“Freight with 8fig finds the best freight costs and terms for sellers so they can get premium quotes with a click of a button – all from within the 8fig dashboard,” says Roei Yellin, co-founder and CRO at 8fig. “This opens up better terms and rates for all sellers, whether they’re a seasoned ecommerce veteran or just getting started.”
For small-to-medium online retailers, it can take months or even years to build the payment history and trusted relationships needed for freight providers to agree to 60 and 90 day repayment terms and competitive freight rates. Freight with 8fig opens the door for independent sellers to benefit from such rates and terms from day one, and to pay directly using 8fig funds.
Like 8fig’s mobile app and Sales Dashboard, a free management tool that analyzes sales metrics to identify sales trends, track revenue figures, and benchmark against similar sellers – all in a single location – Freight with 8fig is now widely accessible to the ecommerce community selling in the US.
“We see Freight with 8fig as one more step towards an entirely smooth and streamlined ecommerce management platform that gives all ecommerce sellers the opportunity to run their businesses as efficiently as possible,” says Yellin.
8fig continues to work on expanding its offering, with more features on the horizon that aim to help sellers manage their back office logistics and operations, including white-glove freight services and additional store analytics tools. Its goal, aside from bringing ecommerce sellers to 8-figure revenues, is to become a one-stop shop for ecommerce business management.
About 8fig
8fig is an ecommerce funding and planning platform that aligns continuous, adaptable capital to supply chain demands. Their innovative planning and funding technology was built by payment processing and supply chain risk management experts Yaron Shapira, Assaf Dagan, and Roei Yellin. 8fig offers growth plans combined with low-cost capital, sales forecasts, unit economics, and profit breakdowns for ecommerce brands to uncap growth and eliminate the cash flow crunch. The company has offices in Tel Aviv and Austin, Texas. For more information, visit 8fig.co.
Contact:
MarketAcross
Dan Edelstein
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/153778
Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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Blockchain
Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR
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