Capital on Tap partners with Marqeta
Capital on Tap is partnering with Marqeta, a global modern card issuing platform, to power payment processing for its small business credit card, relied on by over 60,000 UK enterprises.
Since its launch in 2012, Capital on Tap has competed with the offering of major banks, by offering small businesses a faster and more transparent way to fund their business. Capital on Tap has already provided close to £1 billion in funding to more than 60,000 small businesses across the UK.
“Capital on Tap have shown themselves to be true innovators in the UK fintech space, taking an underserved market like credit for small businesses and building a product that can make a real difference for their customers,” says Ian Johnson, head of European growth at Marqeta.
Founded in Oakland, California in 2010, the Marqeta platform is used by various innovators to drive new modes of commerce through modern card issuing.
“We’re excited to partner with Marqeta,” says David Luck, co-founder and CEO of Capital on Tap.
“We loved the transparency and simplicity of their technology and how future focused and innovative their open-API platform is. They showed an intuitive understanding in how they could support our mission to help small businesses thrive through better access to working capital.”
Marqeta’s European digital banking solution supports instantly issued virtual cards and offers advanced spend controls to engage users and grow card use. It’s platform and APIs are highly configurable and scalable, and allow Marqeta partners to access actionable, real-time transaction data to drive program improvements.