Capital on Tap Secures $200M Funding Facility to Fuel Continued Growth

Capital on Tap secured a $200 million financing facility with HSBC and Värde Partners to support their continued growth in the United States.

ATLANTA and LONDON – April 12, 2022 – Capital on Tap was launched in 2012 and has provided over £3.5bn of funding to over 125,000 small and medium businesses in the UK and US. Recognized by Forbes as one of the UK’s fastest growing companies, this new investment provides Capital on Tap with the opportunity to further its impressive US expansion. Capital on Tap provides business credit cards with industry-leading employee spending controls, reporting and rewards.

Capital on Tap made Atlanta its American home when it launched its American Credit Card in March 2021, helping small and medium-sized businesses recover from the harsh economic downturn of the pandemic. With 50 employees in Atlanta and active recruiting underway for more, Capital on Tap is poised to provide leadership and opportunity to Atlanta’s tech community.

Alan Hart, Chief Financial Officer of Capital on Tap, said, “With the closure of this facility, we look forward to expanding our ability to provide critical financing to small businesses across the United States. We are delighted to join this mission with Värde Partners and extend our already international relationship with HSBC.

Aneek Mamik, Partner and Global Co-Head of Financial Services at Värde Partners, said, “We are delighted to partner with Capital on Tap as they continue their successful expansion by providing working capital and tools. faster and easier payment methods to empower business owners. We see this as a good example of an emerging substantial investment opportunity before us, providing capital solutions to digitally-oriented non-bank lenders that finance the needs of businesses investing in their products and customers. .

About Capital on Tap

Capital on Tap is a private fintech company that provides financing to small and medium-sized businesses in the US and UK. Founded in 2012, Capital on Tap has central offices in London, Atlanta and Cardiff and has provided over £3.5 billion in corporate finance.

For more information, visit www.capitalontap.com.

About Varde Partners

Värde Partners is a leading global alternative investment firm with roots in credit and distressed. Founded in 1993, the firm has invested $85 billion since inception and manages approximately $14 billion on behalf of a global investor base. The company’s investments cover business and traded credit, real estate and mortgages, private equity and direct lending. Värde has offices in Minneapolis, New York, London, Singapore and other cities in Asia and Europe.

For more information, visit www.varde.com

About HSBC

HSBC serves customers worldwide from offices in 64 countries and territories in its geographic regions: Europe, Asia, North America, Latin America, Middle East and North Africa. With assets of $2.958 billion as of December 31, 2021, HSBC is one of the largest banking and financial services organizations in the world.

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Website: http://capitalontap.com

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