Sourcefit secures strategic investment for global expansion in BPO sector

Sourcefit, a prominent international business processing outsourcing (BPO) provider, has recently announced a strategic investment round, marking a significant milestone in the company’s growth trajectory. With operations centers in the Philippines, South Africa, Dominican Republic, and Armenia, Sourcefit has successfully attracted investments from leading entities such as 9 Basil, NextGen Ventures, and Rocket Equities. This financial milestone demonstrates a robust vote of confidence in Sourcefit’s business model and growth potential, with Rocket Equities playing a pivotal role as the financial advisor and investor in structuring the deal.

Andy Schachtel, CEO of Sourcefit, expressed enthusiasm for the new phase of growth, planning to use the funding to expand the company’s award-winning BPO and staffing services globally. With a dynamic team of over 1,700 employees, Sourcefit is poised to continue delivering comprehensive solutions to a diverse client base across various industries, focusing on cost reduction and improving results.

International BPO Provider Sourcefit Embarks on Expansion with Key Investments

In addition to expansion plans, Sourcefit is committed to further developing its AI-infused team engagement and digitalization platform. This technological backbone is crucial for facilitating collaboration and productivity among remote teams and for the complete digital transformation of the company’s operations and client services. This equity financing round highlights Sourcefit’s ambition to redefine the boundaries of BPO solutions and set new industry standards.

Kris Panijpan, Managing Partner of 9 Basil Group, highlighted the potential growth opportunities for Sourcefit, while Jimmy Quach, CEO of NextGen Ventures, commended Sourcefit’s customer-centric approach and cutting-edge technology enablement, including its AI and digitalization platform.

Sourcefit’s strategic investment round and partnerships underscore the resilience and potential of the company in the BPO sector. Focused on providing custom offshore and nearshore staffing solutions, Sourcefit supports a wide range of processes for over 200 clients in various industries, with a track record of over 14 years in the industry.