Sourcefit secures funding to expand operations, enhance AI
QUEZON CITY, PHILIPPINES — Business process outsourcing (BPO) company Sourcefit has secured investments from three firms through an equity financing round, which it aims to use for its expansion initiatives and tech enhancements.
Sourcefit received investments from 9 Basil, a Thailand-based independent funds management business; NextGen Ventures, a Singapore-based investment firm; and Rocket Equities, a Southeast Asia-focused financial advisory firm.
“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,” said Sourcefit Chief Executive Officer Andy Schachtel.
The BPO firm aims to use the investments for its artificial intelligence (AI) and digital transformation initiatives. These platforms enable Sourcefit to conduct seamless day-to-day operations for their employees and clients.
Sourcefit is subscribed to the Outsource Accelerator (OA) Source Partner Program, a powerful tool that helps BPO firms with marketing, sales, and business intelligence.
It serves over 200 clients across industries, including information technology, finance, healthcare, retail, e-commerce, legal, real estate, telecom, and advertising. It has 1,700 employees, with centers in the Philippines, South Africa, the Dominican Republic, and Armenia.
Sourcefit is ranked 147th in the 2023 Time Doctor OA500, an objective index of the world’s top 500 outsourcing companies. The 2024 edition of the OA500 will be released next month.
