London, 17th July 2024
Capital on Tap, a leading all-in-one small business credit card and spend management platform, has renewed its multi-year partnership with GDS Link, a global leader in credit risk management solutions. This partnership will further enhance Capital on Tap's in-house credit risk decisioning capabilities as the company scales its proprietary risk models across its UK and US businesses.
Since its launch in 2012, Capital on Tap has served over 200,000 small business customers, facilitating over £10 billion in spending. Building on the success of the Capital on Tap Business Credit Card, they recently unveiled Preloading, an innovative new feature that allows UK cardholders to augment their credit line by leveraging their own funds, creating a flexible hybrid financing model.
As Capital on Tap continues to scale, its partnership with GDS Link adds an extra layer of enhancement to its robust automated decisioning processes. Capital on Tap’s proprietary modelling and analytics capabilities, developed through extensive in-house data science and credit risk expertise, will be further optimised with GDS Link’s platform. This collaboration supports Capital on Tap’s ability to quickly iterate and improve its models, creating bespoke decisioning paths tailored to different customer segments and types.
Hugh Acland, Chief Commercial Officer at Capital on Tap said, “By continuing our partnership with GDS Link, we can further enhance serving small businesses in the UK and US by scaling our in-house risk modelling, decisioning and analytics processes on their platform. This synergy amplifies our ability to leverage cutting-edge technology alongside our proprietary data science and credit risk expertise, driving sustained growth while delivering exceptional service to our customers.”
GDS Link, a global leader in credit risk management solution, currently processes over a billion decisions yearly for clients across 46 countries including Santander, Shawbrook Bank, Sella Personal Credit, TymeBank, LendingClub and Best Egg.
Paul Thomas, Chief Revenue Officer at GDS Link said, “Continuing our collaboration with Capital on Tap signifies a great step globally. They are a valued partner and a leading example of how the short-term credit puzzle can be solved for many underserved small businesses. I’m delighted we’ve extended this long-term commitment to support their UK and US growth strategies where they’ll continue to leverage our leading credit risk decisioning and data analytics platform, alongside our combined expertise.”
About GDS Link
GDS Link stands as a globally recognised authority in credit risk management, providing a suite of innovative and tailored risk decisioning solutions over the last 17 years to financial institutions across the globe. Delivering over a billion decisions annually in over 46 countries, we offer a comprehensive array of services including fraud management, collections, and analytics, all designed to empower smarter lending decisions. Our commitment to strategic partnerships and a bureau-agnostic approach ensures cost-effective, customised solutions for our clients, fostering growth and managing credit risk effectively.
About Capital on Tap
Established in 2012, Capital on Tap has spent over 10 years focusing on the needs of small business owners. It has been recognised by Forbes and the Financial Times as one of Europe’s fastest-growing businesses. Over 200,000 small business customers have spent more than £10 billion on their Capital on Tap Business Credit Cards.
Capital on Tap provides an all-in-one small business credit card and spend management platform, making it easy for small business owners to access funding for their business, manage their employees' expenses, and earn rewards on every pound their business spends.
© 2024 New Wave Card LP dba Capital on Tap Business Credit Cards are issued by WebBank in the US
© 2024 New Wave Capital Limited (trading as Capital on Tap) is a private limited company incorporated in England and Wales.
Press/media contact
Holly Woodward
Marketing & Comms Senior Associate, Capital on Tap
holly.woodward@capitalontap.com
Matt Tepper
VP of Global Marketing, GDS Link
+1 214-256-5916
matthew.tepper@gdslink.com
