CAPITAL ON TAP HAS SECURED A £200M FUNDING FACILITY
Capital on Tap has secured a £200m funding facility with JP Morgan and Triple Point to support UK small businesses. The funding will help small businesses access to credit at a time when the UK is anticipating a recession and facing historic inflation rates.
Launched in 2012, Capital on Tap provides an all-in-one small business credit card and spend management platform tailored to small businesses. Recently recognised by The Sunday Times and the Financial Times as one of Britain and Europe’s fastest growing businesses respectively, this funding facility will bolster their dramatic growth in the UK. Over 200,000 small business customers have spent £4 billion on their Capital on Tap Business Credit Cards.
This new funding facility comes just four months after securing a $200m facility to power growth in the US. Both facilities are vital resources with ambitious expansion plans in place, following Capital on Tap’s impressive 61.98% annual sales growth over the last 3 years.
Capital On Tap Has Secured A £200m Funding Facility.Congratulations to the entire team. I wish you great success in this endeavour.Shishir Gupta, Founder and CEO, StartupLanes
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