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Capital on Tap: Secures £450 million funding facility | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

Capital on Tap: Secures £450 million funding facility

Capital on Tap: Secures £450 million funding facility

  • Capital on Tap secured a £450m funding facility with Atalaya Capital Management, BNP Paribas, and HSBC
  • Launched in 2012 and has provided over £3.5bn of funding to more than 125,000 small businesses across the UK
  • Recognized by Forbes last year as one of the UK’s fastest-growing businesses
  • Provides business credit cards with leading employee spending controls, reporting, and rewards
  • Working remotely whilst reaching an agreement on the facility created its own challenges
  • Built a useful product that has helped thousands of small businesses in the UK meet their funding needs

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