Atlanta, GA — The Georgia Department of Economic Development (GDEcD) today announced that UK-based Capital on Tap, an award-winning FinTech and payments company, will open its official U.S. headquarters in Atlanta to support its continued expansion in the U.S. The company plans to create approximately 50 new jobs by the end of 2021, with plans to create an additional 100 jobs by the end of 2022. This news comes while GDEcD Commissioner Pat Wilson is on an economic development mission in the UK and meeting with companies and executives – including leaders with Capital on Tap – interested in opening or expanding investments in Georgia.
“For decades, the United Kingdom has been one of the most important markets for international investment in Georgia, leading to the creation of tens of thousands of jobs across the state. It’s an honor to be in London this week to celebrate Capital on Tap’s plans to open their U.S. headquarters in Georgia, growing their footprint, and becoming the newest UK company to call Georgia home,” said Georgia Department of Economic Development Commissioner Pat Wilson. “Small- and medium-sized businesses are the backbone of our economy – making up over 95% of businesses in Georgia. I look forward to seeing Capital on Tap continue to empower these vital businesses with the resources needed to grow and prosper.”
Headquartered in London, Capital on Tap currently has an Atlanta office, located in Ponce City Market, where the company has grown to 15 people. Capital on Tap is focused on making the lives of small- and medium-sized business owners easier through the Capital on Tap business credit card, issued by WebBank. Capital on Tap is aiming to provide access to more than $2 billion in funding to businesses across the U.S. over the next 18 months.
“We chose Atlanta as our U.S. headquarters because of its reputation as a FinTech and payments hub,” said Zoe Newman, U.S. Managing Director for Capital on Tap. “There is a depth of talent and experience here that will be invaluable to our continued hyper growth in the U.S. The local universities in and around Atlanta provide an incredible recruiting ground for us to build our business. The growth that we have seen with the U.S. launch has been incredible – showing that the credit card is addressing a real market need for small businesses across the country.”
The company is already growing out of its current office after moving to the space during summer 2021. Capital on Tap is searching for a new space in Atlanta for its headquarters. The company will create approximately 50 jobs in the metro Atlanta area by the end of 2021, and is currently hiring for positions in customer operations and compliance. The company also plans to begin hiring for careers in digital marketing, engineering, and others as it expands. Individuals interested in working with Capital on Tap are encouraged to visit https://boards.greenhouse.io/capitalontap or email firstname.lastname@example.org for more information.
“We welcome Capital on Tap to metro Atlanta and congratulate them on their decision to locate their U.S. headquarters in our region,” said Metro Atlanta Chamber President and CEO Katie Kirkpatrick. “Atlanta is a global hub for FinTech businesses because of strong private sector and government collaboration in support of the industry – including initiatives like Fintech Atlanta, the Fintech Academy, FinTech South, and others. Capital on Tap will benefit from these programs and will find a large pool of thriving small- and medium-sized businesses to support in metro Atlanta.”
“Seventy percent of financial transactions on a global scale pass through companies in Georgia, which makes Atlanta a logical fit for Capital on Tap’s U.S. headquarters,” said Dr. Eloisa Klementich, President and CEO of Invest Atlanta. “We are proud to welcome Capital on Tap to the city where they will benefit from access to top talent, global connectivity through the Atlanta airport, and the welcoming, international business community the city offers.”
Georgia Department of Economic Development Senior Project Manager Taylor Kielty represented the Global Commerce division on this project in partnership with the Metro Atlanta Chamber, Invest Atlanta, and Georgia Power.
About Capital on Tap
Capital on Tap, a leading European B2B Fintech in payments and lending, is listed by Forbes as one of the fastest-growing companies in the UK. The company is focused on providing access to much-needed financial support for small- and medium-sized businesses (SMBs) through its innovative business credit card proposition in the UK and the U.S. as well as helping small businesses by simplifying their expenses and consolidating all their business spend. Capital on Tap is partnering with WebBank, which is the issuer and lender in the Capital on Tap credit card program. Capital on Tap has already provided over $4 billion to small business owners in the UK.
The Georgia Department of Economic Development (GDEcD) is the state’s sales and marketing arm, the lead agency for attracting new business investment, encouraging the expansion of existing industry and small businesses, locating new markets for Georgia products, attracting tourists to Georgia, and promoting the state as a destination for arts and location for film, music, and digital entertainment projects, as well as planning and mobilizing state resources for economic development. Visit www.georgia.org for more information.
Marie H. Gordon