Capital on Tap
Capital on Tap is a UK-founded fintech that issues business credit cards and spend management tools to small businesses in the UK and US markets, serving over 200,000 SMBs via a self-serve, product-led model with proprietary underwriting and Visa network issuance.
- Company typePrivate
- Founded2012
- HeadquartersLondon, United Kingdom
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Capital on Tap does
Capital on Tap is a UK-headquartered fintech founded in London in 2012 that issues business credit cards and spend management tools to small and medium-sized businesses. Its core products are the UK and US Business Credit Cards (the US card issued in partnership with WebBank), supported by a Pro tier (£299/year) that adds premium rewards, a metal card and lounge access. The platform runs on a proprietary underwriting system launched in 2014 that delivers credit decisions in minutes, paired with a mobile app (iOS/Android), instant virtual cards, free employee cards with spend controls, and direct integrations with Xero, QuickBooks, Sage and FreeAgent. The US product additionally offers a Secured Business Credit Card for credit-building, while the UK product is being extended with Preloading, a Bill Pay beta, and an Instant Savings Account powered by ClearBank with FSCS protection up to £85,000.
The company makes money through a mix of interchange fees on Visa network transactions, interest on revolving balances (UK APRs from 13.86%, US APRs from 16.74% with an average offered rate of 45.30% in early 2026), the Pro subscription, and capital markets funding via asset-backed securitisations and revolving credit facilities. Capital on Tap operates a product-led, self-serve go-to-market model in two markets (UK and US), with cumulative customer lending exceeding £10B and 200,000+ SMBs served. Banking and regulatory infrastructure is provided by FCA authorisation (consumer credit FRN 625592, e-money FRN 900922), the WebBank US issuing partnership, and ClearBank for UK deposits. Distribution is exclusively digital via website and mobile app, with no physical branches.
Capital on Tap firmographics
Firmographics- Name
- Capital on Tap
- Legal name
- New Wave Capital Limited
- Website
- https://capitalontap.com
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Capital on Tap is a UK-founded fintech that issues business credit cards and spend management tools to small businesses in the UK and US markets, serving over 200,000 SMBs via a self-serve, product-led model with proprietary underwriting and Visa network issuance.
- Ownership category
- akta.pro rank
Capital on Tap industry classification
Industry- Product category
- Small Business Credit Cards
- NAICS
- Credit Card Issuing (52221)
- SIC
- Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Business / Corporate Credit Cards (FSAKABAF)
- akta.pro secondary industries
- Co-Branded Credit Cards (FSAKABAB), Credit Cards & Revolving Credit (FSABAAAC)
Keywords
Where Capital on Tap is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices8 records
Markets served
Capital on Tap business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Others
Revenue model
- Credit Card Interest: Interest charges on outstanding credit card balances when not paid in full. Variable APRs ranging from 13.86% to 86.24% depending on creditworthiness and market. This is the primary revenue stream from card revolvers.
- Transaction Interchange: Interchange fees earned on every card transaction processed through the Visa network
- Pro Tier Subscription: Annual subscription revenue from Pro tier at £299/year (UK), offering premium benefits including 1.25% cashback on preloaded spend, metal card, airport lounge access, and enhanced rewards conversion rates
- Asset-Backed Securitisation: Capital markets funding backed by credit card receivables, enabling sustainable lending at scale to SMB customers
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Annual | UK Free tier: £0/year, uncapped 1% cashback, basic card features |
| Subscription | Annual | UK Pro tier: £299/year, 1.25% on preloaded spend, premium metal card |
| Freemium | Monthly | US Free tier: $0/year, 1.5% cashback (2% with weekly AutoPay) |
| Usage-based | Monthly | US credit limits up to $50,000 based on creditworthiness |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
Capital on Tap product offering
Product offeringCore offering
Capital on Tap provides business credit cards and a spend management platform aimed at small and medium-sized businesses in the UK and US. Core products include the UK and US Business Credit Cards offering uncapped cashback, free employee cards, virtual cards, accounting software integrations, and rewards conversion to Avios, Virgin Points, and Radisson Rewards. The company also offers an Instant Savings Account in the UK (powered by ClearBank) and a premium Pro tier subscription with enhanced rewards and travel benefits.
Product overview
Capital on Tap operates a platform-plus-modules product architecture centered on business credit cards for small and medium-sized enterprises in the UK and US markets. The core offering is the Capital on Tap Business Credit Card, available in two market-specific variants (UK and US) issued by different partners (direct in UK, WebBank in US). The platform is supplemented by the Pro tier add-on offering premium benefits, the Instant Savings Account (UK-only, powered by ClearBank), Preloading for expanded spending power, and the Mobile App. Additional modules include Employee Cards, Virtual Credit Cards, Expense Management, and Bill Pay Beta. The US market also offers a Secured Business Credit Card for credit-building purposes. A notable partnership with Dojo provides a co-branded Business Rewards Card for UK SMEs. The company supports accounting software integrations with Xero, QuickBooks, Sage, and FreeAgent, and mobile payments via Apple Pay and Google Pay.
Differentiator
Problem solved
Functional benefit
Products and services
- Capital on Tap Business Credit Card (UK) Business credit card for UK small businesses offering uncapped 1% cashback, employee cards, virtual cards, travel rewards (Avios, Virgin Points, Radisson Rewards), expense management, and mobile app access. Credit limits up to £250,000 with rates from 13.86% APR.
- Capital on Tap Business Credit Card (US) Business credit card for US small businesses issued by WebBank, offering 1.5% cashback (boosted to 2% with weekly AutoPay), employee cards, virtual cards, and QuickBooks/Xero integration. Credit limits up to $50,000 with rates from 16.74% APR.
- Capital on Tap Pro Premium tier of the UK Business Credit Card at £299/year offering enhanced rewards including 1.25% cashback on preloaded spending, 10,000 bonus points on £5,000 spend in first 3 months, complimentary Times subscription, unlimited airport lounge access, Radisson Rewards VIP status, and premium metal card.
- Instant Savings Account UK savings account powered by ClearBank offering FSCS-protected deposits up to £85,000, competitive high-yield interest rates, flexible access with no withdrawal penalties, no monthly fees, and minimum deposit of £1.
- Dojo Business Rewards Card Co-branded Business Rewards Card partnership between Dojo and Capital on Tap for UK SMEs, offering cashback rewards, credit access, product integrations, no fees, and spend controls.
- Capital on Tap Mobile App Mobile application for iOS and Android enabling customers to make payments, create and freeze cards, redeem rewards, track transactions in real-time, manage team members, set spending limits and balance alerts, and view account statements.
- Capital on Tap Secured Business Credit Card US secured credit card issued by WebBank requiring a cash security deposit ($200-$20,000) held as collateral. Designed to help small business owners establish or rebuild business credit history. Reported to business credit bureaus.
- Employee Cards Free, unlimited employee cards available on both UK and US Business Credit Cards with customizable individual spending limits, real-time notifications, ATM blocks, and card freezing capabilities.
- Virtual Credit Cards Instant virtual cards available on both UK and US Business Credit Cards allowing immediate spending upon approval without waiting for physical card delivery. Offers control, security, and budgeting features.
- Expense Management UK feature providing real-time visibility and smart controls over business spending with auto-sync to accounting software (Sage, Xero, QuickBooks, FreeAgent) for easy expense tracking and reporting.
Quantifiable outcome
- Decision in 2 minutes for card applications
- +3 more outcomes
Companies that use Capital on Tap
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles3 records
Capital on Tap technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature6 records
Capital on Tap partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship and core.
- DojoflagshipCapital on Tap and Dojo launched a co-branded Business Rewards Card for UK SMEs, offering cashback rewards, credit access, and product integrations. The partnership aims to expand payment solutions for SMEs and enhance cash flow management with features including no fees, cashback options, and spend controls.
- ClearBankcoreClearBank powers Capital on Tap's Instant Savings account, providing FSCS-protected savings up to £85,000. ClearBank is authorized by the PRA and regulated by the FCA, enabling Capital on Tap to offer savings products without banking license.
- Radisson RewardsflagshipCapital on Tap joined Radisson Rewards' loyalty program as a banking partner in 2025, enabling point conversions across loyalty programs. The Radisson Rewards program has grown to 27+ million members, providing Capital on Tap customers with hotel and lifestyle rewards.
- PlaidcorePlaid provides secure bank account linking integration for Capital on Tap, enabling customers to connect their business bank accounts for automated credit limit reviews and a more complete financial picture assessment.
- Sage, Xero, QuickBooks, FreeAgentcoreCapital on Tap integrates with major accounting software platforms including Sage, Xero, QuickBooks, and FreeAgent, enabling automatic daily transaction syncing and expense management for small business customers.
Scale indicators9 records
Recent moves8 records
Expansion highlights6 records
Capital on Tap competitors and assessment
Company assessmentDirect peers
- Pleo: European SMB spend management with company cards and expense automation. Direct competitor in the European SMB card + expense management category, similar target customer profile.
- Tide: UK SMB business banking platform with integrated current accounts, cards, and expense/invoicing tools. Direct UK competitor targeting the same small business segment with a broader banking stack.
- Brex: US-issued corporate and SMB credit cards with rewards, bill pay, and expense management. Closest direct competitor to Capital on Tap in the cross-border SMB card space, though skewed to higher-growth, larger SMBs.
- Qonto: European SMB and freelancer business banking platform offering accounts, cards, and expense management. Comparable product scope, target customer, and cross-border (UK/Europe) SMB focus.
- Ramp: US SMB and mid-market corporate cards bundled with spend management, bill pay, and accounting integrations. Comparable product breadth and target customer to Capital on Tap's platform-plus-card approach.
- Allica Bank: UK SMB challenger bank offering business current accounts and credit facilities. Comparable UK SMB target market and focus on established small businesses.
- Soldo: European SMB prepaid and credit card platform with multi-currency expense controls. Comparable SMB-targeting expense card model, especially relevant for UK and European SMB competition.
- Mercury: US-focused SMB and startup banking platform with cards, treasury, and accounting integrations. Comparable in PLG motion, target customer (tech-savvy SMBs), and platform-plus-card model.
Broad incumbents
- American Express Business Platinum: Long-established SMB and corporate charge/credit card programs. Overlaps in business card rewards and SMB market but operates a much broader premium portfolio.
- Starling Bank Business: UK SMB business current accounts with cards and expense tools via Starling Banking-as-a-Service. Comparable UK SMB market and integrated card offering, but broader banking franchise.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Capital on Tap social profiles
Digital presenceCapital on Tap compliance and trust
Trust signalCompliance4 records
Capital on Tap financial estimates
Financial estimateRevenue estimate
Valuation estimate
Capital on Tap leadership team
Management profileNumber of profiles
Profiles7 records
Capital on Tap funding detail
Funding detailFunding overview
Funding rounds11 records
Investors16 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Capital on Tap M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Capital on Tap
What does Capital on Tap do?
Capital on Tap provides business credit cards and a spend management platform aimed at small and medium-sized businesses in the UK and US. Core products include the UK and US Business Credit Cards offering uncapped cashback, free employee cards, virtual cards, accounting software integrations, and rewards conversion to Avios, Virgin Points, and Radisson Rewards. The company also offers an Instant Savings Account in the UK (powered by ClearBank) and a premium Pro tier subscription with enhanced rewards and travel benefits.
Is Capital on Tap a public or private company?
Capital on Tap is a private company. It is classified as venture growth investor backed and is currently operating.
When was Capital on Tap founded?
Capital on Tap was founded in 2012. It employs 251 to 500 people.
Where is Capital on Tap based?
Capital on Tap is headquartered in London, United Kingdom, in the Europe region.
How does Capital on Tap make money?
Four revenue lines are on record. Credit Card Interest is the primary driver. The others are transaction Interchange, pro Tier Subscription and asset-Backed Securitisation.
Who are Capital on Tap's main competitors?
Direct peers on record are Pleo, Tide, Brex, Qonto, Ramp, Allica Bank, Soldo and Mercury. Broad incumbents are American Express Business Platinum and Starling Bank Business.
Does Capital on Tap have an API?
No public API is recorded for Capital on Tap.
What industry is Capital on Tap in?
Capital on Tap's product category is Small Business Credit Cards. Its primary akta.pro industry code is FSAKABAF, Business / Corporate Credit Cards, with a secondary code of FSAKABAB, Co-Branded Credit Cards. Its NAICS code is 52221 and its SIC code is 6153.