Breakout Capital recently announced a successful merger with 12Five Capital. Altriarch Commercial Finance facilitated this partnership, building a strategic alliance with a portfolio exceeding $80 million. The partnership aims to address small business needs through specialized financial products, including term loans, factoring, purchase order financing, and asset-based lending, improving the client experience.
Breakout Capital is an innovative fintech company founded back in 2015. The company, based in Charleston, SC, and McLean, VA, emphasizes transparency and open communication with borrowers. Their aim includes advocating for small business growth and promoting transparency and best practices within the alternative capital industry.
12Five Capital strived to resolve a market gap because it offers accessible and straightforward business financing services. Their aim is to simplify the financing process for businesses of all sizes, planning to be the top choice for clients. Moreover, the merger aims to give a wider range of financing options and prioritizes client-centric support. The aim is to empower business owners for a successful financial future.
Wilson and Danielle Brown will be co-CEOs in the merged company whereas Jaskiewicz will be the Chief Strategy Officer. Jaskiewicz will handle strategic planning, and technology innovation, and lead vital lending and factoring divisions due to his vast experience, enhancing the company’s growth and product expansion.
Ryan Jaskiewicz, CEO of 12Five Capital said in a statement:
“I am thrilled about this merger, which is a testament to our unwavering commitment to our core values. At 12Five, we’ve always believed in running our business not just for profit, but for a purpose. Our culture, built on strong values and driven by technology, has been the backbone of our success. When I founded 12Five, my vision was to provide essential capital to underserved businesses and be their first choice, not the last. Our focus has always been on accelerating our clients’ progress in both their businesses and lives, all while upholding the highest standards of ethics and integrity. By joining forces with Breakout Capital, we amplify our commitment to this mission. We share a common culture, values, and a dedication to harnessing technology for innovative solutions that will drive our clients forward.”