Capital at your fingertipsa UKcorporate credit card provider based in Atlanta after accessing a new $200 million financing facility to support its WE growth.
The company first moved to Atlanta, known as the payments capital of the United States, last March when it introduced a US version of its business Visa credit card, which offers spending controls , user assignments, 1.5% cash back, and other features designed to help small businesses manage expenses and grow their business.
Issued by WebBankthe cards have an annual fee of $199 and can be approved for a credit limit of up to $50,000.
Already, the “North American house” of Capital on Tap has hired 50 people at its Ponce town market offices and features 12 open positions on its website including important positions like its global head of fraud.
The 200-person company says it has a “dual headquarters” in Atlanta and Londonand it also operates an office in Cardiff, Wales.
The facility was provided by Britishbank based HSBCan existing Capital on Tap partner, and Varde Partners, an alternative investment company based in Minneapolis.
Founded in 2012, Capital on Tap has provided over $3.5 billion in funding to over 120,000 businesses.