Overview of Transaction

• On October 18, 2022, Capital on Tap announced that it has raised £100 million (~$110 million) of new funding from Atalaya Capital Management
• Capital on Tap is an all-in-one credit card and spend management platform, active in the UK and US, focused specifically on small businesses
• The Company’s nimble and highly automated onboarding process takes business owners through a 5-minute customer journey from application to credit card access
• In addition to the credit card, the platform allows owners to easily manage their spend as well as the spend of their employees, integrate the cards with existing accounting solutions and earn rewards on spend volume
• Capital on Tap’s platform has a track record of having served more than 200,000 small businesses and disbursing more than $5 billion in funding

Significance of Transaction

• Capital on Tap has demonstrated a track record of rapid growth; the transaction will enable the Company to profitably accelerate growth and continue to invest in technology and new products
• Atalaya is a privately held alternative investment firm, and the investment represents a continued commitment of support for Capital on Tap

FT Partners' Role

• FT Partners served as the exclusive strategic and financial advisor to Capital on Tap on this transaction
• The transaction highlights FT Partners’ industry-leading expertise and successful track record within the SMB-FinTech solutions space