Breakout Capital Secures Funding from Drift Capital Partners

Small business marketplace lender Breakout Capital has secured a new revolving credit facility from Drift Capital Partners, LLC; the deal provides $25 million in revolving credit for Breakout Capital with further credit available as the company grows; according to Carl Fairbank, founder and CEO of Breakout Capital, “Drift’s facility will further bolster our growth trajectory and enable us to provide tens of millions of dollars or more of additional working capital to small businesses across the country.”; Breakout Capital has been an active advocate in the marketplace lending industry; it is a founding member of the Coalition for Responsible Business Finance and is also part of the PLUM Initiative.  Source

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!