Increase Capital on Tap’s credit limits for automated credit card decisioning.
Safely enable Capital on Tap to lend to larger SME customers without increasing bad debt or defaults.
Prior to Wiserfunding, their existing systems allowed for automated decisioning for credit lines up to a portion of the £500,000 maximum limit. Larger lines for bigger customers required manual review by individual underwriters.
To meet their scaling ambitions, the team needed an accurate, reliable solution that would give them the confidence to raise the automated credit limits.
WHO ARE CAPITAL ON TAP?
Capital on Tap provides an all-in-one small business credit card and spend management platform, making it easy for small businesses to manage their business spending, access funding, and earn cashback, travel, and gift card rewards.
Over 200,000 small businesses have spent £4 billion on their Capital on Tap Business Credit Cards across the US and UK.
Capital on Tap makes business funding and spending simple, saving business owners time and money. With a 2-minute application process, the majority of applicants receive instant credit decisions and immediate access to credit.
Business owners enjoy access to unlimited free 1% cash back, credit limits up to £500,000, and as many employee cards as they need for their business to run smoothly and efficiently
– all for free.