Capital on Tap

Capital on Tap is a financial services company founded in London in 2012 by David Luck with the mission of providing small businesses with fast and accessible funding. Over the years, it has developed innovative financial solutions, including a business credit card tailored for small business owners, allowing them to access working capital, issue cards to employees, integrate with accounting software, and earn rewards.

Capital on Tap has achieved several milestones. It launched fixed-term loans in 2013, introduced a bespoke underwriting system in 2014, and switched to monthly repayment cycles in 2015. In 2016, the first version of its business credit card was released, followed by the removal of fees and an increase in credit limits in 2017. 

By 2018, it had lent £500 million and launched a rewards programme. The company reached £1 billion in lending by 2019 and integrated with accounting software in 2020.

In 2021, Capital on Tap expanded to the United States, launching its business credit card in partnership with WebBank. By 2022, it had funded over £4 billion for more than 200,000 customers. In 2023, it introduced a Team Management feature and launched its inaugural public securitisation facility, London Cards No.1. In 2024, Damian took over as CEO while founder David Luck became Executive Chairman. The company also reached £10 billion in funding and launched Preloading.

Recently, as part of its strategic expansion, Capital on Tap introduced business savings accounts in partnership with ClearBank, offering FSCS-protected deposits up to £85,000. The company has received multiple industry awards, including first place in the Finder Lending Innovation Awards 2023 and recognition at the Welsh Contact Centre Annual Awards.

Capital on Tap was founded in London in 2012 by David Luck with the goal of providing small businesses with easy access to funding. The company recognised that many small businesses struggle to secure financial support from traditional banks and sought to bridge this gap through technology-driven financial solutions.

In its first year, Capital on Tap focused on offering fixed-term loans to small businesses. By 2013, it successfully provided its first loan, marking the beginning of its journey as a financial service provider. In 2014, the company introduced a bespoke underwriting system that allowed for quicker applications and funding approvals, enhancing accessibility for small business owners.

A major development came in 2015 when the company switched from weekly to monthly repayment cycles, making repayments more manageable for customers. In 2016, Capital on Tap launched its first business credit card, providing small businesses with an alternative to traditional financing options. The following year, the company eliminated all fees from its products and raised its credit limits to £50,000, further expanding financial support for businesses.

By 2018, Capital on Tap had lent £500 million to its customers. This year also saw the introduction of a rewards programme that allowed businesses to earn cashback and points on their spending. In 2019, the company launched its first mobile app, providing customers with an easier way to manage their accounts. During this period, Capital on Tap reached £1 billion in total funding.

In 2020, the company strengthened its technological integrations by linking with various accounting software providers and enabling Apple Pay for all customers. A significant milestone was achieved in 2021 when Capital on Tap expanded internationally by launching its business credit card in the United States through a partnership with WebBank, establishing an operational presence in Atlanta.

The company celebrated its 10th anniversary in 2022 and surpassed £4 billion in total lending to over 200,000 customers. In 2023, it introduced a Team Management feature, enabling businesses to issue and monitor employee credit cards. Additionally, Capital on Tap launched its first public securitisation facility, London Cards No.1, marking a significant financial development.

The company has also been widely recognised for its innovation. It secured first place in the Finder Lending Innovation Awards 2023 in the Business Cards category for the third consecutive year. Additionally, it was honoured at the Welsh Contact Centre Annual Awards for its contributions to customer service.

In 2024, the company reached £10 billion in total lending and implemented a leadership transition, with founder David Luck becoming Executive Chairman and Damian taking over as CEO. A major strategic expansion occurred when Capital on Tap introduced business savings accounts in collaboration with ClearBank, offering FSCS-protected deposits up to £85,000.

Capital on Tap's mission is to simplify financial management for small businesses by providing accessible funding solutions, innovative credit products, and digital financial tools. By leveraging technology, the company enables business owners to streamline operations, access working capital quickly, and earn rewards. With a commitment to transparency, efficiency, and customer support, Capital on Tap aims to empower entrepreneurs to grow their businesses without financial constraints.

Capital on Tap envisions a world where small businesses can thrive without financial barriers. By continuously evolving its products and services, the company strives to become a leading financial solutions hub, offering comprehensive tools that support business growth. Through strategic innovation, global expansion, and a customer-first approach, Capital on Tap seeks to transform the way small businesses access credit, manage finances, and plan for the future.

Capital on Tap has been widely recognised for its contributions to small business financing, innovation in lending, and overall business growth. 

The company has been a consistent winner at the Finder Lending Innovation Awards, securing first place in the Business Cards category in 2023. In 2022, it was ‘Highly Commended’ for its efforts in lending innovation, and in 2021, it was recognised as the winner in the Lending Innovation category. 

At the Welsh Contact Centre Awards, Capital on Tap was recognised as a double winner in 2023 for its excellence in customer service and financial solutions. The company also won at the same awards in 2021, further solidifying its reputation for outstanding customer support and operational efficiency.

In 2019, Capital on Tap was a double winner at the Growth Finance Awards, which recognised its contributions to SME lending and business growth. 

Additionally, in 2022, Capital on Tap was ranked as one of the UK’s fastest-growing private companies by the Sunday Times 100 list. 

Capital on Tap provides financial solutions tailored for small businesses, with a primary focus on business credit cards, funding options, and integrated financial management tools.

Business Credit Card: The Capital on Tap Business Credit Card is designed to help small business owners manage their expenses effectively. It offers credit limits of up to £250,000 with no annual or foreign transaction fees. Businesses can earn cashback and rewards points, which can be redeemed for statement credit or airline miles. The card allows businesses to issue additional employee cards with spending controls, integrates with accounting software like Xero and QuickBooks, and supports contactless payments through Apple Pay and Google Pay.

Business Loans and Funding: Capital on Tap provides fast and flexible funding solutions for small businesses. The application process is quick, allowing businesses to receive funding approvals within minutes. Loans come with custom repayment plans, offering monthly payment options for better financial management. The company’s bespoke underwriting system ensures businesses receive credit tailored to their needs, making it easier for them to manage cash flow and operational expenses.

Business Savings Accounts: In partnership with ClearBank, Capital on Tap has introduced business savings accounts to help businesses grow their surplus funds. These accounts offer market-leading interest rates and are protected under the Financial Services Compensation Scheme (FSCS) for deposits up to £85,000. This feature enables businesses to securely save and earn returns on their capital while maintaining easy access to funds when needed.

Financial Management Tools: Capital on Tap provides digital tools that simplify financial management for businesses. The mobile app allows users to track expenses, manage payments, and monitor available credit. The Team Management feature enables business owners to issue and control multiple employee cards with spending limits. Additionally, expense tracking and reporting tools provide detailed spending insights, helping businesses optimise their cash flow and financial planning.

Security and Customer Support: Security is a priority at Capital on Tap, with fraud protection measures in place to safeguard business transactions. The company offers real-time monitoring and secure payment options to protect customer accounts. In addition, businesses have access to 24/7 customer support via phone, email, and online chat, ensuring they receive assistance whenever needed.