Capital on Tap, the FinTech democratising access to funding for small businesses, is thrilled to open the London Stock Exchange market today. 

The company is celebrating the launch of its pioneering £250 million London Cards No.1 securitisation facility - the first of its kind in Europe for business credit cards.

The securitisation has a value of £250 million and includes a Loan Note and five Placed tranches of Notes, all listed on the Main Market of the London Stock Exchange. Moody's and DBRS rated the facility applying ratings of Aa3/AAA to the Class A Loan Note.

Founded in 2012, Capital on Tap's mission is to empower entrepreneurs by making it easier to run a business. Its innovative business credit card and spend management platform, provides fast and flexible financing to over 200,000 customers across the UK and US.

Starting as a small London startup, Capital on Tap revolutionised entrepreneurial finance through technology. In just over 10 years, it has provided over £8 billion in funding to turn small business dreams into realities.

By opening the Market today, Capital on Tap signals its ongoing commitment to innovation and increased access to funding. This landmark securitisation ushers in a new era of disruptive solutions that give small businesses the financial freedom to realise their potential.

HSBC and BNP Paribas, renowned global financial institutions, were appointed as co-arrangers and joint lead managers for this landmark deal, and Clifford Chance was appointed as Capital on Tap’s Legal Adviser.