← State of Embedded Finance 2026

Capital

Can a card-first SMB lending platform scale across Europe by embedding working capital directly into a business credit card product?

HQLondon, UK
IndustryFintech / SMB banking
The story

Capital on Tap is a UK-based SMB fintech offering business credit cards and working capital to small businesses. The company expanded geographically into Spain, as evidenced by Marqeta powering its Spanish expansion, suggesting a card-issuing infrastructure play at the heart of its growth strategy.

Last 12 months
2023
The stack
Card issuing
Marqeta
Lending
Business credit card with embedded credit lineWorking capital loans
Accounting gap: none