Breakout Capital Finance, a fintech leader focused on small business lending, hired Tim Buzby 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, CEO 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.”
“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.”
Founded in 2015, Breakout Capital has quickly grown loan originations throughout 2018, mostly stemming from its new, patent-pending FactorAdvantage program. In parallel, it has continued to concentrate on 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, VA.
