UK-based fintech Capital on Tap has secured an additional £650 million in funding to expand its business credit card Master Trust facility to a total of £1.2 billion, marking a major step in its mission to empower small businesses across the UK and US. The funding round introduced new banking partners—SMBC Group, Société Générale, and Lloyds—while existing partner HSBC contributed through a creatively structured solution that integrates its exposures into the enhanced facility.
Capital on Tap provides flexible credit lines and business credit cards designed specifically for small and medium-sized enterprises (SMEs), offering perks like cashback, travel rewards, and gift cards to help entrepreneurs manage and grow their operations more efficiently.
CEO Damian Brychcy emphasized that the expanded facility is a testament to the trust placed in Capital on Tap by top-tier financial institutions, and to the company’s commitment to simplifying the financial needs of SMEs. “This funding milestone represents not only the trust our partners have in Capital on Tap but also our dedication to simplifying the financial lives of small business owners,” he said. “By expanding the Master Trust to £1.2 billion, we are taking a bold step forward in empowering business owners with the tools they need to grow, innovate, and succeed.”
SMBC Group’s Fabrizio Baicchi, Société Générale’s Emmanuel Blind, and HSBC’s Ben Locke all echoed the sentiment, highlighting the importance of supporting SME credit access and the innovation behind Capital on Tap’s securitisation model.
The company’s continued success and expanded financial base reflect the growing demand for agile credit solutions in a challenging macroeconomic environment, as well as the fintech’s ability to structure large-scale funding vehicles that appeal to global banking partners.