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Capital on Tap Releases Virtual Cards to Provide Instant Access to Small Business Funding

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LONDON, 24th, August 2022 -- <a href="https://www.capitalontap.com/en/">Capital on Tap</a>, a global FinTech providing an all-in-one small business credit card and spend management platform, introduced virtual cards as part of their mission to help small business owners run their businesses faster, simpler, and more efficiently.

<a href="https://www.capitalontap.com/en/blog/posts/virtual-credit-cards-for-business/">The virtual cards</a> will provide immediate access to funding for the majority of approved applicants. With Capital on Tap’s near-instant crediting decisions, businesses could be making purchases on their Capital on Tap Business Credit Cards just 15 minutes after first applying.
<blockquote>“For busy small business owners, the virtual card is a true game changer,” said David Luck, Co-Founder and CEO of Capital on Tap. “Having immediate access to funds is critical for success in this challenging business climate that often requires quick decisions and multiple strategic pivots.” </blockquote>
Virtual cards can be added to Google and Apple Pay accounts so cardholders can immediately make purchases in person or online.

Small businesses also benefit from an added layer of security with virtual cards. Cardholders can replace them in real time, so if the account information is compromised – or even if a cardholder makes a purchase from a vendor they just don’t feel completely confident in – they have the option to void that card for all future purchases and instantly generate a new one. With no lag time between the cancellation of the card and the receipt of the new one, cardholders will never be without access to funds.

Of course, all security features of the physical Capital on Tap Business Credit Card also apply to virtual cards.

Account holders can also set spend limits on their virtual cards. This is useful for business owners who want to issue a virtual card for single use, such as travel or a large purchase.

While account holders are currently limited to one virtual card per account, the option to generate multiple simultaneously will be available later this year, allowing cardholders to issue virtual cards to individual employees, and even designate separate virtual cards for different categories of business spend.

About Capital on Tap

<a href="https://www.capitalontap.com/en/">Capital on Tap</a> makes it easy for small businesses to manage their business spending, access funding, and earn cash back, travel, and gift card rewards. More than 200,000 small businesses have spent £4 billion on their Capital on Tap Business Credit Cards across the US and UK.

Capital on Tap Releases Virtual Cards to Provide Instant Access to Small Business Funding

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The Open Banking, Open Finance and Open Payments community will come together in London at Open Banking Expo UK on 20 October
London (UK), 15 September 2022 - Open Banking Expo, the largest global community of Open Banking, Open Finance and Open Payments executives, will bring together this October more than 650 of the UK’s leading innovators, disruptors, and visionaries at Open Banking Expo UK.
On 20 October over 100 show-stopping speakers from across the breadth of the financial services and fintech ecosystem will power a nine-stage-strong agenda to help spark collaboration, boost innovation and solidify success. 
Headlined by Token for the second year in a row, this year’s event will put a spotlight on some of the most pressing issues and the hottest industry developments, including variable recurring payments and what the transition from Open Banking to Open Data may look like. 
This year’s Main Stage will be chaired by Pay.UK’s Standards Transformation Lead, Simon Lyons. The event will also feature an Impact Stage, a Payments Stage, a stage for SME Finance, one for Open Data and many more.
With more exhibitors than ever before, a notable new addition for this year is the brand-new Bavarian Village for networking by day followed by an Oktoberfest-themed after party.
Todd Clyde, CEO of Token, said: 

<blockquote>
“We are thrilled that Token is the Headline Partner of the UK’s largest Open Banking and Open Finance event for the second year running. Our team is ready and excited to connect with our partners and peers as we drive industry conversations forward, particularly around developments like Variable Recurring Payments. Entering its fifth year, Open Banking Expo continues to deliver on its promise of bringing together the Who’s Who of the UK’s Open Banking and Finance communities. The future of finance in the United Kingdom and Europe is open — and it all starts here.”
</blockquote>
Adam Cox, co-founder of Open Banking Expo, said:

<blockquote>
“As the industry anticipates change in the governance of Open Banking in the UK, this year’s Expo provides the perfect platform for bringing together the Open Banking and Open Finance community in Europe and the UK to celebrate how far we have come on the implementation journey and to explore what the next chapter will look like. Furthermore, as the world of Open Banking payments has seen an enormous uptake in recent months, we’re delighted to welcome first adopters to share their insights as the market  continues to grow.”
</blockquote>
First adopters and speakers include: 
High-street banks

<ul class="ul1">
 	<li class="li3">Nick Pederson, Managing Director, Global Head of Digital, NatWest Group</li>
 	<li class="li3">Robert White, Head of Payments, Santander</li>
 	<li class="li3">Paul Staples, Global Head of Banking as a Service and Embedded Finance Proposition, HSBC</li>
 	<li class="li3">Harcus Copper, Head of Integration and Information Services, Barclays</li>
 	<li class="li3">Wasim Mushtaq, Transformation Lead - Financial Markets, Standard Chartered</li>
</ul>
Challenger &amp; international banks / alternative &amp; business lenders / SME finance 

<ul class="ul1">
 	<li class="li3">Tony McLaughlin, Head of Emerging Payments and Business Development, Citi </li>
 	<li class="li3">Helen Bierton, Chief Banking Officer, Starling Bank</li>
 	<li class="li3">Mark Akerman, Chief Transformation &amp; Technology Officer, Tandem</li>
</ul>
Credit cards &amp; payments

<ul class="ul1">
 	<li class="li3">Hakan Eroglu, Global Open Banking &amp; Open Data Practice Lead, Mastercard</li>
 	<li class="li3">Holly Coventry, Vice President International Open Banking Payments, Amex</li>
 	<li class="li3">Duncan Barrigan, Chief Product Officer, GoCardless</li>
 	<li class="li3">Mike Chambers, former Chief Executive Officer, Bacs</li>
</ul>
Fintech 

<ul class="ul1">
 	<li class="li3">Rolands Mesters, Chief Executive Officer &amp; Co-founder, Nordigen</li>
 	<li class="li3">Jamie Leach, Domain Lead for Regulated Data, Cuscal</li>
 	<li class="li3">Louisa Murray, Chief Operating Officer, Railsr</li>
 	<li class="li3">Lawrence Byers, Product Manager, Acquired.com</li>
</ul>
Policy, regulation and industry bodies

<ul class="ul1">
 	<li class="li3">Paul Roe, Head of Department, Payments Supervision, FCA</li>
 	<li class="li3">Emma Lindley, Payment Systems Regulator</li>
 	<li class="li3">Chris Curry, Director of Pensions Policy Institute, Money &amp; Pensions Service</li>
 	<li class="li3">Charlotte Crosswell, Chair and Trustee, Open Banking Implementation Entity</li>
 	<li class="li3">Jane Hunt, Minister for Small Business, Consumer &amp; Labour Markets, HM Government </li>
</ul>
The <a href="https://www.openbankingexpo.com/uk/#anchor-agenda">agenda is now live</a>. Open Banking Expo was among finalists for ‘Best Covid-19 response Bounceback’ and ‘Best Event of the Year’ at the 2022 Conference Awards. It was also crowned  ‘Best Conference Series’ in 2020 for its  exceptional and engaging industry events in the UK, Europe and Canada.
-ENDS-
NOTES TO EDITORS 

<ul class="ul1">
 	<li class="li6">The full list of speakers is <a href="https://bit.ly/3jSDZn3">available here</a>.</li>
 	<li class="li6">A press room will be open for journalists on the day. If you would like to attend the event, please email Lille Cook on <a href="mailto:lillie.cook@openbankingexpo.com">lillie.cook@openbankingexpo.com</a> to register.</li>
 	<li class="li6">Visit the <a href="https://bit.ly/3RLrxE7">event website</a> for agenda. </li>
 	<li class="li6">Download Open Banking Expo’s new <a href="https://openbankingexpo.sharepoint.com/sites/OpenBankingExpoTeam/Shared%2520Documents/Forms/AllItems.aspx?id=/sites/OpenBankingExpoTeam/Shared%2520Documents/OBE%2520Europe/2022/Artwork%2520&amp;%2520Branding/New%2520logos&amp;p=true&amp;ga=1">logo</a>.</li>
 	<li class="li6">For more information please contact: <a href="mailto:mail%20to%3A%20adam@openbankingexpo.com">adam@openbankingexpo.com</a> or visit <a href="http://www.openbankingexpo.com">www.openbankingexpo.com</a> </li>
 	<li class="li6">Follow us on <a href="https://www.linkedin.com/company/open-banking-expo/?viewAsMember=true">LinkedIn</a> and <a href="https://twitter.com/OpenBankingExpo">Twitter</a>; #OBExpo🇬🇧</li>
</ul>
About Open Banking Expo
Open Banking Expo is a global community of Open Banking and Open Finance executives responsible for digital transformation across the financial services sector. The brand organises face-to-face and virtual events for the UK, North American and European markets in addition to regular webcasts, podcasts and TV episodes. Open Banking Expo hosts an online news resource dedicated to Open Banking, Open Finance, payments and broader fintech. It also hosts the Open Banking Expo Hub, a directory of organisations powering Open Finance and transition to Open Data. For more information visit www.openbankingexpo.com.
Contact: Adam Cox, co-founder 
E: <a href="mailto:mail%20to%3A%20hello@openbankingexpo.com">hello@openbankingexpo.com</a>
T: +44 (0)20 7993 5159 
W: <a href="https://www.openbankingexpo.com/">openbankingexpo.com</a> 
About Token
Token is an open banking payments platform driving the shift from card to bank payments with best-in-class, Pan-European bank connectivity, data and compliance capabilities. With Token's toolkit, the best and brightest merchants, PSP's and banks create new capabilities and revenue streams through our broadest, Pan-European connectivity to banks. Token is both bank and developer-friendly, and multi-standard by design.
Contact: Todd Clyde
E: <a href="mailto:mail%20to%3A%20todd.clyde@token.io">todd.clyde@token.io</a>
T: +44 (0) 7305 780365
W: <a href="https://token.io">https://token.io</a>

The Open Banking, Open Finance and Open Payments community will come together in London at Open Banking Expo UK

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Capital on Tap announces £200 million funding facility to support UK small businesses

London, 24th August 2022: <a href="https://www.capitalontap.com/">Capital on Tap</a> has secured a £200m funding facility with JP Morgan and Triple Point to support UK small businesses. The funding will help small businesses access 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 <a href="https://www.thetimes.co.uk/article/capital-on-tap-sunday-times-100-s3pfj2cdl">The Sunday Times</a> and the <a href="https://www.ft.com/ft1000-2022">Financial Times</a> 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. 
Alan Hart, CFO, Capital on Tap, commented:


<blockquote>
“We are thrilled to be working with JP Morgan, whilst continuing our long relationship with Triple Point. Their willingness to support our mission of “Making the Lives of Small Businesses Easier” not only recognises the importance of this mission but also Capital on Tap’s track record of delivering.”
</blockquote>
Rob Tanna-Smith, Executive Director, at J.P. Morgan said,

<blockquote>
“We are pleased to be working with Capital on Tap on this new facility to fund credit card lending to support small businesses throughout the UK.”
</blockquote>
Neil Richards, Partner and Head of Private Credit, Triple Point said:

<blockquote>
“We are delighted to continue our longstanding relationship with Capital on Tap by providing this new facility. Having first supported the business in 2014, this facility is further evidence of the depth of relationship we have built with Capital on Tap over the last 8 years. We look forward to supporting them long into the future.”
</blockquote>
 

About Capital on Tap

Capital on Tap makes it easy for small businesses to manage their business spending, access funding, and earn cash back, travel, and gift card rewards. Over 200,000 small businesses have spent £4 billion on their <a href="https://www.capitalontap.com/en/business-credit-cards/">Capital on Tap Business Credit Cards</a> across the US and UK.

About Triple Point

Triple Point is the place where people, purpose, and profit meet. Since 2004, we’ve been targeting this Triple Point in areas like infrastructure, energy efficiency and social housing, unlocking investment opportunities that make a difference. We manage over £2.7 billion of private, institutional and public capital across five distinct investment strategies: Social Housing, Energy, Digital Infrastructure, Private Credit, and Venture. Each of these strategies helps to solve a problem society faces, and each one creates opportunities for investors. Our investments transform public services, get businesses off the ground, and even kickstart whole markets. 
<ul>
 	<li style="font-weight: 400;" aria-level="1">ENDS   -</li>
</ul>
Press/Media Contact
Holly Woodward
07454014444
holly.woodward@capitalontap.com.

Capital on Tap announces £200 million funding facility to support UK small businesses

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<div>
<a href="https://www.capitalontap.com/en">Capital on Tap</a> provides an all-in-one small business credit card and spend management platform. Capital on Tap makes it easy for small business owners to manage cards for their employees, access funding for their business, and earn cashback, travel, and gift card rewards on every pound their business spends.
Launched in 2012, Capital on Tap has spent 10 years focusing on the needs of small business owners. It has been recognised by Forbes and the Financial Times as one of Europe’s fastest growing businesses. More than 200,000 small business customers have spent more than £4 billion on their Capital on Tap Business Credit Cards.
Capital on Tap makes business funding and spending simple, saving business owners time and money. With a 2-minute application process, the majority of applicants receive instant credit decisions and immediate access to funding. Business owners enjoy access to unlimited free 1% cash back, credit limits up to £150,000, and as many employee cards as they need for their business to run smoothly and efficiently – all for free.
With offices in Atlanta, New York, London, Cardiff, and Edinburgh, Capital on Tap is well positioned to help small businesses across the UK and the US succeed.
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Capital on Tap

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<div>

<a href="https://www.capitalontap.com/en">Capital on Tap</a> provides an all-in-one small business credit card and spend management platform. Capital on Tap makes it easy for small business owners to manage cards for their employees, access funding for their business, and earn cashback, travel, and gift card rewards on every pound their business spends.

Launched in 2012, Capital on Tap has spent 10 years focusing on the needs of small business owners. It has been recognised by Forbes and the Financial Times as one of Europe’s fastest growing businesses. More than 200,000 small business customers have spent more than £4 billion on their Capital on Tap Business Credit Cards.

Capital on Tap makes business funding and spending simple, saving business owners time and money. With a 2-minute application process, the majority of applicants receive instant credit decisions and immediate access to funding. Business owners enjoy access to unlimited free 1% cash back, credit limits up to £150,000, and as many employee cards as they need for their business to run smoothly and efficiently – all for free.

With offices in Atlanta, New York, London, Cardiff, and Edinburgh, Capital on Tap is well positioned to help small businesses across the UK and the US succeed.

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