Capital On Tap, The Fintech Democratizing SME Funding, Launches £250M Securitization Facility
Summary
Capital on Tap, the Fintech company which says it is focused on democratizing small business funding, opened the London Stock Exchange market recently in order to mark the launch of its \xa3250 million securitization facility.The securitization, called London Cards No.1, is reportedy among the the first of its kind in Europe for business credit cards. It has a total value of \xa3250 million and includes a Loan Note and five Placed tranches of Notes, all listed on the Main Market of the London Stock Exchange.The facility received high credit ratings, with Moodys and DBRS assigning ratings of Aa3/AAA to the Class A Loan Note.By opening the Market today, Capital on Tap signals its commitment to keep driving innovation and financial inclusion in entrepreneurial finance.This landmark securitization ushers in a new era of disruptive funding solutions that provide small businesses the freedom to reach their potential.David Luck, Founder and CEO of Capital on Tap, said:Listing the London Cards No.1 securitization facility on the London Stock Exchange marks a major achievement for Capital on Tap. As a homegrown British fintech born in London, we could not be prouder to celebrate this milestone in the city where our journey began over a decade ago. This deal will support Capital on Taps ambitious growth plans as we continue our mission of providing innovative funding solutions for small businesses in the UK, US and beyond.The success of this offering demonstrates the confidence investors have in us to disrupt the finance industry through technology. This is a tremendous vote of confidence in Capital on Taps vision of making entrepreneurial finance more accessible worldwide.