Sourcefit, a leading international business processing outsourcing (BPO) provider with operations centers in the Philippines, South Africa, Dominican Republic and Armenia, has successfully closed a significant strategic investment, attracting investments from prominent players 9 Basil, NextGen Ventures, and Rocket Equities.
The strategic investment round demonstrates a decisive vote of confidence in Sourcefit’s business model and potential. Rocket Equities, acting as the financial advisor and investor, helped structure the deal for all parties, as per the statement.
Andy Schachtel, CEO of Sourcefit, expressed gratitude for the support, stating, “Sourcefit is entering an exciting phase of our growth and we plan to use the recent funding round to expand our award-winning BPO and staffing services globally. With a dynamic team of over 1,700 employees, we will continue to deliver comprehensive solutions to a diverse set of clients across a range of industries, helping them to lower costs and significantly improve results.”
In addition to these expansion plans, Sourcefit will continue development of its AI-infused team engagement and digitalization platform. This platform forms the technological backbone of Sourcefit’s operations, facilitating seamless collaboration and productivity among remote teams and providing a framework for the complete digital transformation of both the company’s operations and those of clients. This equity financing round underscores the company’s ambition to redefine the boundaries of BPO solutions and set new standards in the industry, according to the statement.
Kris Panijpan, Managing Partner of 9 Basil Group, an independent private investment group with a Southeast Asian mandate, added, “We aim to leverage our network, expertise in various sectors, and extensive experience in capital markets to identify exceptional growth opportunities for Sourcefit.”
Jimmy Quach, CEO of NextGen Ventures, noted: “Sourcefit is a customer-centric BPO that delivers exceptional value to clients through cutting edge technology enablement; including its AI and digitalization platform and its awarding-winning best-place-to-work culture for high employee engagement and productivity. We look forward to working with Andy to better serve Sourcefit’s customers by assisting with Sourcefit’s expansion goals and advising on the technology roadmap.”
As Sourcefit embarks on this exciting phase of growth, the investment round and strategic partnerships underscores the resilience and potential of the company, a statement said.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.