Capital on Tap offers a spend management platform that provides small businesses with credit cards featuring uncapped 1% cashback on all purchases and real-time spending controls. The platform integrates with accounting software, enabling businesses to track expenses efficiently while providing unlimited free employee cards to enhance financial oversight.
Funding
$437.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small businesses often struggle with managing expenses efficiently, tracking spending in real-time, and providing employees with the necessary purchasing power while maintaining financial control. Traditional credit cards may lack the features needed for effective business spend management, such as detailed reporting and customizable spending limits.
Solution
Capital on Tap provides a spend management platform tailored for small businesses, offering business credit cards with uncapped 1% cashback on all purchases. The platform enables real-time tracking of card spending, facilitates immediate purchases through virtual cards, and allows businesses to set custom spending limits for employees. By integrating with accounting software like Sage, Xero, QuickBooks, and FreeAgent, Capital on Tap streamlines expense management and provides a comprehensive view of business finances. The platform also offers features like preloading, which allows businesses to spend beyond their credit limit while still earning cashback, and 24/7 customer support.
Target Audience
The primary target audience consists of small business owners and entrepreneurs seeking a comprehensive spend management solution with integrated credit card and expense tracking capabilities.
Features
- Uncapped 1% cashback on all card spending, redeemable for cash, gift cards, or balance reductions
- Free, unlimited employee cards with customizable spend controls and real-time spend alerts
- Virtual cards for immediate online purchases, eliminating the need to wait for a physical card
- Integration with accounting software (Sage, Xero, QuickBooks, FreeAgent) for automatic transaction syncing
- Preloading feature to top up the balance and spend beyond the credit limit while earning cashback
- Mobile app for real-time spend tracking, transaction viewing, and statement downloads
- Card management features, including the ability to order new cards, freeze or cancel existing ones, and update payment options
- 24/7 customer support