Canonical URL: https://giftcard.news/industry-deals/capital-on-tap-secures-200-million-funding-facility-to-support-uk-small-43171f967b03/ --- description: The August 2022 financing with J.P. Morgan and Triple Point supported a small-business card platform offering cash, travel and gift card rewards. title: Capital on Tap secures £200 million facility for UK business card lending image: https://giftcard.news/images/social/v1/capital-tap-secures-200-million-facility-uk-business-card-lending-619754d3127489fc1f1c5f6809b77b40.jpg --- 1. [Home](https://giftcard.news/) 2. [Industry Deals](https://giftcard.news/industry-deals/) # Capital on Tap secures £200 million facility for UK business card lending The August 2022 financing with J.P. Morgan and Triple Point supported a small-business card platform offering cash, travel and gift card rewards. By [Suzie Elis](https://giftcard.news/author/suzie-elis/) August 24, 2022 2 min read Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Findustry-deals%2Fcapital-on-tap-secures-200-million-funding-facility-to-support-uk-small-43171f967b03%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=Capital%20on%20Tap%20secures%20%C2%A3200%20million%20facility%20for%20UK%20business%20card%20lending "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Findustry-deals%2Fcapital-on-tap-secures-200-million-funding-facility-to-support-uk-small-43171f967b03%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial "LinkedIn") [ ](https://wa.me/?text=Capital%20on%20Tap%20secures%20%C2%A3200%20million%20facility%20for%20UK%20business%20card%20lending%20https%3A%2F%2Fgiftcard.news%2Findustry-deals%2Fcapital-on-tap-secures-200-million-funding-facility-to-support-uk-small-43171f967b03%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial "WhatsApp") ![A person holding a Capital on Tap business payment card](https://giftcard.news/images/variants/v1/capital-tap-secures-200-million-facility-uk-business-card-lending-person-holding-w1280.webp) Company product photograph illustrating the business card offering. Photo: Capital on Tap [Capital on Tap](https://giftcard.news/company/capital-on-tap/) announced a £200 million funding facility with [J.P. Morgan](https://giftcard.news/company/j-p-morgan/) and [Triple Point](https://giftcard.news/company/triple-point/) on August 24, 2022, to support credit for UK small businesses. The financing expanded the resources behind a business card platform combining spending management with rewards. [\[S01\]](#article-source-1) ## Funding the credit behind the card The company said the agreement followed a separate $200 million US facility four months earlier. Triple Point had supported the business since 2014, while the UK announcement introduced J.P. Morgan into the financing relationship. [\[S01\]](#article-source-1) Scroll left or right to see all columns __Funding the credit behind the card__ | Facility | Market | Announcement context | | ------------ | -------------- | ----------------------------------------------- | | £200 million | United Kingdom | August 24, 2022 | | $200 million | United States | Separate facility announced four months earlier | The release described more than 200,000 small-business customers and £4 billion of cumulative card spending across the UK and US. It also identified gift cards, cashback and travel as reward choices. Those figures describe the platform at the time of the announcement. [\[S01\]](#article-source-1) ## What it means for a rewards business A funding facility supports the lending side of a credit-card programme. Its headline size should not be read as a gift-card purchasing budget, a reward liability or money immediately distributed to customers. The two facilities also use different currencies and should not simply be added together. The practical connection to gift cards is the route from business spending to reward redemption. Financing can support that wider card business, while the availability and value of individual rewards remain a separate commercial question. The announcement did not disclose pricing, maturity or detailed borrowing conditions. It therefore establishes the participating lenders, size and intended market, but does not support a claim that borrowing became cheaper for every cardholder or that reward rates changed. ## Sources and documents ExpandCollapse * [\[S01\] Capital on Tap Secures £200M Funding | Capital on Tap](https://www.capitalontap.com/en/company/newsroom/posts/200-million-funding-facility/?utm%5Fsource=giftcard.news) — www.capitalontap.com ## In this article ### Companies * [Capital on Tap](https://giftcard.news/company/capital-on-tap/) * [J.P. Morgan](https://giftcard.news/company/j-p-morgan/) * [Triple Point](https://giftcard.news/company/triple-point/) Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Findustry-deals%2Fcapital-on-tap-secures-200-million-funding-facility-to-support-uk-small-43171f967b03%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=Capital%20on%20Tap%20secures%20%C2%A3200%20million%20facility%20for%20UK%20business%20card%20lending "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Findustry-deals%2Fcapital-on-tap-secures-200-million-funding-facility-to-support-uk-small-43171f967b03%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial "LinkedIn") [ ](https://wa.me/?text=Capital%20on%20Tap%20secures%20%C2%A3200%20million%20facility%20for%20UK%20business%20card%20lending%20https%3A%2F%2Fgiftcard.news%2Findustry-deals%2Fcapital-on-tap-secures-200-million-funding-facility-to-support-uk-small-43171f967b03%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial "WhatsApp") ![Portrait of Suzie Elis](https://giftcard.news/images/variants/v1/suzie-elis-editorial-portrait-w320.webp) About the author ## [Suzie Elis](https://giftcard.news/author/suzie-elis/) Journalist — Gift Cards & Digital Gifting Suzie Elis covers gift card products, digital gifting and distribution for Gift Card News. From reading to building ## Your next move in gift cards. Tell us what you’re building. We’ll help you explore suitable providers. [Find a provider ](https://giftcard.news/find-a-provider/) ## Related articles [Industry Deals](https://giftcard.news/industry-deals/) News ### [Bilt Acquires Livly Technology to Connect Residential Services and Rewards](https://giftcard.news/industry-deals/bilt-acquires-livly-technology-residential-services-rewards/) [Oliver Reed](https://giftcard.news/author/oliver-reed/) September 15, 2026 2 min [Industry Deals](https://giftcard.news/industry-deals/) News ### [Tillo Acquires Amilon to Expand International Gift Card Distribution](https://giftcard.news/industry-deals/tillo-acquires-amilon-to-establish-transatlantic-leadership-in-rewards-i-e4490e17fbd5/) [Daniel Brooks](https://giftcard.news/author/daniel-brooks/) September 8, 2026 2 min [Industry Deals](https://giftcard.news/industry-deals/) News ### [Giftbit reports GiftCertificates.ca bulk gift card ordering closure dates](https://giftcard.news/industry-deals/giftbit-reports-september-closure-timetable-for-giftcertificates-ca-prog-3f4febff7895/) [Daniel Brooks](https://giftcard.news/author/daniel-brooks/) September 1, 2026 1 min ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://giftcard.news/#publisher","name":"Gift Card News","url":"https://giftcard.news/","logo":{"@type":"ImageObject","url":"https://giftcard.news/brand/giftcard-news-logo.svg"}},{"@type":"Person","@id":"https://giftcard.news/author/suzie-elis/#person","name":"Suzie Elis","url":"https://giftcard.news/author/suzie-elis/","description":"Suzie Elis covers gift card products, digital gifting and distribution for Gift Card News.","jobTitle":"Journalist — Gift Cards & Digital Gifting","image":{"@type":"ImageObject","url":"https://giftcard.news/images/suzie-elis-editorial-portrait.webp","contentUrl":"https://giftcard.news/images/suzie-elis-editorial-portrait.webp","width":256,"height":256,"caption":"Illustrated portrait representing the Suzie Elis editorial profile."}},{"@type":"ImageObject","url":"https://giftcard.news/images/capital-tap-secures-200-million-facility-uk-business-card-lending-person-holding.webp","contentUrl":"https://giftcard.news/images/capital-tap-secures-200-million-facility-uk-business-card-lending-person-holding.webp","width":1920,"height":1080,"caption":"Company product photograph illustrating the business card offering.","@id":"https://giftcard.news/images/capital-tap-secures-200-million-facility-uk-business-card-lending-person-holding.webp#image"},{"@type":"NewsArticle","@id":"https://giftcard.news/industry-deals/capital-on-tap-secures-200-million-funding-facility-to-support-uk-small-43171f967b03/#article","url":"https://giftcard.news/industry-deals/capital-on-tap-secures-200-million-funding-facility-to-support-uk-small-43171f967b03/","headline":"Capital on Tap secures £200 million facility for UK business card lending","description":"The August 2022 financing with J.P. 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