Seasoned capital markets veteran joins high-growth financial technology leader
McLean, Va. (October 1, 2018) – Breakout Capital Finance (“Breakout Capital”), a fast-growing leader in financial technology focused on small business lending, announced today that Tim Buzby has joined the company as its Chief Financial Officer.
Buzby started his finance career as an auditor and consultant focused on financial services for KPMG. He spent 17 years at Farmer Mac, in a variety of executive positions culminating as CEO. Notably, he oversaw a 58% increase in company earnings and an almost 4x increase in stock price and strategically matured the company into an agricultural lending industry leader.
“We are incredibly excited to have Tim join our leadership team,” said Carl Fairbank, Chief Executive Officer and Founder of Breakout Capital. “As we strategically accelerate our growth, it’s important to our customers and investors that we have all of the right leaders and capabilities to ensure success.”
Breakout Capital continues to rapidly grow and expand since its founding in 2015. Throughout 2018, the company has quickly grown loan originations, repeatedly breaking records for new funding volume. Much of that growth has come in its new, patent-pending FactorAdvantageSM program. In parallel, it has continued to innovate its advanced technology platforms, including in machine learning, artificial intelligence, and the use of blockchain to support lending operations and transform the industry. The company also closed on a substantial new credit facility with Medalist Partners and expanded its headquarters in McLean, Virginia.
“I’m impressed with what Carl and the team have done so far, and looking forward to being a part of the next chapter of the company’s growth,” said Buzby. “The combination of lending and technology innovation is a wide open space, and Breakout is well positioned to lead the way.”
About Breakout Capital Finance
Breakout Capital Finance is a leading financial technology company that uses best-in-class technology to provide a wide range of credit solutions to small businesses across the country. Built on the three pillars of transparency, education and advocacy for small business, the company is one of the fastest-growing direct lenders in the space and leads a world-class technology innovation effort. Breakout Capital Finance is a Principal Member of the Innovative Lending Platform Association and is an original advocate for the SmartBoxTM standard for transparency and cost disclosure.
To learn more about Breakout Capital Finance, please visit www.breakoutfinance.com.