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.