# Capital on Tap

Capital on Tap is an Asset Manager based in London, United Kingdom.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** www.capitalontap.com
- **LinkedIn:** https://www.linkedin.com/company/capital-on-tap

## Regulatory record

- **Reports private funds:** No

## About

With the Capital on Tap business credit card, get up to £250k to grow your business. No joining or annual fees. Uncapped 1% cashback on all card spend.

## Sectors

- FinTech
- Credit & Lending
- SMB Services

## People

- David Luck — Co-Founder & Executive Chairman
- Jan Farrarons — Co-Founder & CEO

## Questions

### Who runs investment and credit decisions at Capital on Tap?

Co-founders David Luck (Executive Chairman) and Jan Farrarons (CEO) oversee the firm's credit strategy. The underwriting engine itself is a proprietary algorithm that relies on open-banking feeds and merchant-category data, so day-to-day credit-line decisions are automated rather than made by a traditional investment committee. Ongoing portfolio-performance monitoring is managed by an internal analytics team in London.

### How does Capital on Tap source its deal flow?

Customer acquisition is fully direct-to-business, driven by search, partnerships with accounting-software platforms such as Xero and QuickBooks, and an instant-decision digital application. The firm does not originate through broker networks or aggregator sites. Its 200,000-account base was built almost entirely through online channels.

### Where does Capital on Tap's lending capital come from?

While the firm does not publicly name its funding partners, the credit-card receivables are structured under institutional credit lines typical of specialty-finance platforms. These facilities are drawn as card balances grow, with repayment flows cycling the capital back for redeployment. There is no retail deposit base funding the lending book.

### How is the Instant Savings account structurally connected to the credit product?

The savings account, provided through ClearBank, functions as a deposit product governed by the UK Financial Services Compensation Scheme. It is not a funding source for the lending book but serves as a retention tool. Capital on Tap earns a net interest margin on deposits placed with ClearBank, and the account's presence deepens the primary customer relationship without commingling credit and deposit balance sheets.

### How should an allocator view Capital on Tap—as a specialty-finance lender or a payments business?

Economically, it behaves like a hybrid. Revenue comes from two streams: interest income on revolving balances and interchange fees from card networks. Because the firm captures a fee on every transaction regardless of whether the customer revolves a balance, its unit economics resemble a payments business with an embedded lending yield. An allocator should evaluate it against both non-bank credit-card issuers and high-frequency merchant-acquiring platforms.

### What regulatory structure governs Capital on Tap?

Capital on Tap operates under UK Financial Conduct Authority authorization as a consumer-credit firm. The Instant Savings account, provided through ClearBank, falls under the Prudential Regulation Authority and Financial Services Compensation Scheme framework. The firm itself is not a bank, so it does not take retail deposits onto its own balance sheet for lending purposes.

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- [Signifyd](https://altss.com/profile/signifyd)
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Last updated: 2026-06-03T20:00:00.000Z

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