HOW CAPITAL ON TAP ACCELERATES CREDIT DECISIONS 

"Wiserfunding enabled us ​to skip ahead several years with our underwriting process and credit decisions. ​They help us to win in a very competitive space that has huge incumbents​"

Ara Thiyagarajah - Director of UK Credit Risk, Capital on Tap​

Capital-on-Tap

Objectives

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.

The Challenges

Value

Capital on Tap’s value proposition is based on automated, accurate origination so that business applicants can access credit within minutes of applying.

Efficiency

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.

Scalability

To meet their scaling ambitions, the team needed an accurate, reliable solution that would give them the confidence to raise the automated credit limits.

The Solution

 Raising new limits

Capital on Tap has doubled its automated credit limit, so larger applications that were previously manually underwritten are now completed instantly. 

 Growing the audience​

Partnering with Wiserfunding has enabled Capital on Tap to lend larger amounts to larger entities without jeopardising portfolio health.​
 

Reducing lending costs 

Compared to other credit assessment solutions, Wiserfunding provided more accurate risk assessment outputs, including applicants’ PD and SME Z-Score. 

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.

CASE STUDY

Download the full case study to get all the details.

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