Capital on Tap lands £750m in funding to fuel small business growth

By Gloria Methri

Capital on Tap has secured two major funding facilities totalling £750 million to fuel its expansion and enhance support for small businesses in the UK and US markets.

The company has established a £550 million Master Trust facility with BNP Paribas and Citi, marking the first non-bank credit card master trust created in Europe since 2015. This innovative structure will enhance the company’s ability to scale operations and support small business customers.

“This is a game-changing moment for Capital on Tap,” said Damian Brychcy, CEO at Capital on Tap. “Creating Europe’s first non-bank credit card master trust in nearly a decade showcases the scale we have built and opens up exciting possibilities for supporting even more small businesses.”

Ghanem Al-Araj, Managing Director at BNP Paribas, said, “BNP Paribas is pleased to have supported Capital on Tap in establishing the master trust transaction. This ongoing partnership showcases our commitment to supporting innovative companies in continuing to grow their lending business in the SME sector.”

In a separate transaction, Capital on Tap has doubled its existing revolving credit facility with funds managed by Blue Owl Capital from £100 million to £200 million. This expanded facility will support the company’s operations across both the UK and US markets.

“Securing £750 million in total funding is a clear vote of confidence in our business model,” said Brychcy. “With both facilities in place, we’re perfectly positioned to accelerate our growth and deliver even more value to small business owners on both sides of the Atlantic.”

Ivan Zinn, Head of Alternative Credit at Blue Owl, said, “We are excited to grow our relationship with Capital on Tap with this increase in the revolving credit facility to support their mission of helping small businesses thrive in the UK and the US.”