Capital on Tap, a business credit card provider, has secured two major funding agreements totaling $950 million to support its growth and small business customers in the United States and the United Kingdom. The company established a $700 million Master Trust facility with BNP Paribas and Citi, marking the first non-bank credit card master trust created in Europe since 2015. This structure will enhance Capital on Tap’s ability to scale its operations and provide more funding options for small businesses. Damian Brychcy, CEO of Capital on Tap, said that this milestone reflects the company's growth and commitment to expanding its financial services for SMEs. BNP Paribas Managing Director Ghanem Al-Araj highlighted the partnership’s role in supporting SME lending.
In a separate transaction, Capital on Tap doubled its existing revolving credit facility with funds managed by Blue Owl Capital from $125 million to $250 million. This expanded credit line will further support the company’s operations in both markets. Blue Owl’s Head of Alternative Credit, Ivan Zinn, expressed enthusiasm about strengthening the company’s relationship with Capital on Tap. The company serves more than 200,000 small businesses, facilitating over $12.7 billion in business spending. Recognized by The Sunday Times and The Financial Times for its growth, Capital on Tap continues to enhance access to credit solutions for small businesses.
