Capital on Tap, a Fintech company that aims to make small business funding more accessible, recently opened the London Stock Exchange market to announce the launch of its £250 million securitization facility. Known as London Cards No.1, this securitization is one of the first of its kind in Europe specifically designed for business credit cards. It consists of a Loan Note and five Placed tranches of Notes, all of which are listed on the Main Market of the London Stock Exchange.
To highlight the trustworthiness of the facility, Moody’s and DBRS have given the Class A Loan Note impressive credit ratings of Aa3/AAA. By opening the Market, Capital on Tap demonstrates its dedication to driving innovation and financial inclusion in the world of entrepreneurial finance.
The introduction of this groundbreaking securitization marks the beginning of a new era of disruptive funding solutions that empower small businesses to unlock their full potential.
David Luck, the Founder and CEO of Capital on Tap, expressed his excitement about the achievement, stating, “Listing the London Cards No.1 securitization facility on the London Stock Exchange is a major milestone for Capital on Tap. As a British fintech company that originated in London, we are incredibly proud to celebrate this accomplishment in the city where our journey began over ten years ago. This deal will support our ambitious growth plans as we continue our mission of providing innovative funding solutions for small businesses in the UK, US, and beyond.”
This move to list on the London Stock Exchange is a significant step for Capital on Tap’s expansion and further establishes the company as a leading player in the Fintech industry. With their commitment to driving financial inclusion and passion for offering innovative funding options, Capital on Tap is set to make a lasting impact on the small business landscape.
Follow crowdfundingmagazine on Instagram: @crowdfundingmagazine_it