Breakout Capital Launches FactorAdvantage Hybrid Platform

Fintech lender Breakout Capital launched FactorAdvantage, a hybrid financing solution which enables factors and invoice financing lenders to expand their markets. Charleston Capital Management provided a $50 million credit facility to support the new platform.

Breakout Capital Expands Senior Leadership Team

Breakout Capital appointed Robert Fleischmann senior vice president, Strategic Partnerships and Tom McCammon senior vice president, Business Operations.

Breakout Capital Appoints Lanzo as EVP, General Counsel

Breakout Capital appointed Douglas J. Lanzo, formerly of Selzer Gurvitch Rabin Wertheimer & Polott, as its executive vice president and general counsel.

Drift Capital Provides Revolver for Breakout Capital

Breakout Capital, a technology-enabled small business lender, obtained a new revolving credit facility from Drift Capital Partners, an alternative asset management company based in Charleston, SC.

Breakout Capital Appoints Olympia New CFO

Breakout Capital appointed Darwin W. Olympia as its chief financial officer.