Leading small business lender will use HomeZen’s technology to enhance its customer experience
Breakout Capital Finance (“Breakout Capital”), a leading technology innovator and small business lending company, announced today that it has acquired HomeZen’s technology. HomeZen is a real estate technology company providing powerful software tools for home sellers using technology to more efficiently and effectively sell their homes.
HomeZen’s innovative core technology enables users to source and evaluate offers in order to achieve the best possible outcome. This technology, which includes calculators and other user tools, will be used by Breakout Capital to empower small businesses searching for working capital solutions. The company plans to unveil a new website incorporating these features later this year.
“Since its inception, Breakout Capital has prioritized being a customer-focused disruptor, seeking out ways to better serve our customers,” said Carl Fairbank, Founder and Chief Executive Officer of Breakout Capital. “HomeZen’s technology is incredibly innovative, and it will not only help us improve the way small businesses search and evaluate their options to access working capital, but will also help to empower entrepreneurs to do more with their already limited time.”
“At HomeZen we use technology to empower home sellers with the information and tools they need to easily and cheaply sell their homes,” added Kevin Bennett, Co-Founder and Chief Executive Officer of HomeZen. “I’m excited that Breakout Capital will be able to use our technology to simplify what can be a stressful, complicated process for small business owners.”
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This is another milestone in the fast growth of Breakout Capital. Throughout 2018, Breakout Capital has rapidly grown loan originations, repeatedly breaking records for new funding volume. In parallel, it has continued to innovate its technology platforms, with notable advances in machine learning, artificial intelligence, and the use of blockchain to support lending operations.
Breakout Capital also recently closed on a substantial new credit facility with Medalist Partners and expanded its headquarters in McLean, Virginia.