United Kingdom · Payments & e-money
New Wave Capital Limited
Trading asCapital on Tap
New Wave Capital Limited, trading as Capital on Tap, is a private limited company incorporated in England and Wales and managed from London. The FCA authorises it as an electronic money institution (reference 900922) and for consumer credit activities (reference 625592). Its only registered person with significant control, Anthony Faillace, holds more than 25% but not more than 50% of its shares and voting rights. It issues Visa business credit cards with revolving credit, spend management tools and an e-money preloading facility to UK small businesses, and introduces savings customers to ClearBank Limited.
Licences and registrations
Held by New Wave Capital Limited (LEI 213800ONCWOUSWW97393). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| FCA Financial Services Register - E-Money InstitutionsFCA | Authorised E-Money InstitutionE-Money / Stored Value Institution | 900922 | United Kingdom | Active | 2019-03-20 | — |
|
Search the register ↗ |
Trading names on the register: Capital on Tap (FCA-EMI)
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory.
Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Overview
Researched 29 Sep 2026 · Sources
Ownership
Privately held
Firm type
Lending or buy now, pay later
Trades as Capital on Tap
- Ownership
- Companies House lists Anthony Faillace as the only person with significant control, holding more than 25% but not more than 50% of shares and voting rights.
- Major shareholder
- Anthony Faillace (more than 25% but not more than 50%)
- Head office
- Floors 6-8, Hylo Building, 103-105 Bunhill Row, EC1Y 8LZ London, United Kingdom (registered office: 27 Old Gloucester Street, London, England, WC1N 3AX)
- Company register
- Companies House 07959823
- Incorporated
- 22 Feb 2012
- Founder
- David Luck
Online
- Websites & references
- capitalontap.com ↗
account.capitalontap.com ↗ customer portal and application site - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗
- Apps
- App Store ↗ · Google Play ↗
Sources · 16 pages consulted
- find-and-update.company-information.service.gov.uk/company/07959823
- find-and-update.company-information.service.gov.uk/company/07959823/officers
- find-and-update.company-information.service.gov.uk/company/07959823/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/07959823/filing-history
- find-and-update.company-information.service.gov.uk/company/07959823/filing-history/MzQ5Mzk2NDMyNGFkaXF6a2N4/document?format=pdf&download=0
- capitalontap.com/en/
- capitalontap.com/en/legal/
- capitalontap.com/en/legal/emoney-facility-agreement/
- capitalontap.com/en/legal/terms-of-use/
- capitalontap.com/en/company/about/
- capitalontap.com/en/company/newsroom/posts/capital-on-tap-announces-leadership-evolution/
- capitalontap.com/en/company/newsroom/posts/capital-on-tap-closes-500m-funding-deal/
- capitalontap.com/en/company/newsroom/posts/additional-650-million-in-funding/
- capitalontap.com/en/company/newsroom/posts/capital-on-tap-announces-public-securitisation-facility/
- fintechfutures.com/venture-capital-funding/capital-on-tap-secures-record-500m-in-asset-backed-funding
- account.us.capitalontap.com/apps/apply/
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Several models
- Licensed firm it operates under
- ClearBank Limited, United Kingdom The firm introduces Instant Savings customers to ClearBank, which holds their deposits as its own customers.
The FCA authorises the firm as an electronic money institution under the Electronic Money Regulations 2011 (reference 900922). The FCA also authorises it for consumer credit activities (reference 625592). Its savings product is a deposit account with ClearBank Limited, which the PRA authorises.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 900922 | In its own name | Active | capitalontap.com ↗ |
| Financial Conduct Authority United Kingdom | Authorised firm (consumer credit activities) | 625592 | In its own name | Active | capitalontap.com ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm states that it safeguards funds received for e-money in ring-fenced accounts at banks, kept separate from its own money, and that these balances are not covered by the FSCS.
- Deposit-holding bank
- ClearBank Limited United Kingdom
- Payment schemes and card networks
- Visa Access not stated capitalontap.com ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
It offers Visa business credit cards with credit limits of up to GBP 250,000, employee and virtual cards, expense management tools, e-money preloading and an Instant Savings account provided by ClearBank.
The firm serves UK small businesses. The group's US card programme is run by its subsidiary New Wave Card LP, with cards issued by WebBank.
- Revenue
- GBP 252.8m
- Sells to
- Small businesses
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Damian Brychcy Chief Executive Officer
- Chair
- David Luck Executive Chairman
- Executive
- Anthony Faillace Director
- Executive
- George Vahak Karibian Director
- Executive
- Andrew Joseph Roberto Director
Recent events
Researched 29 Sep 2026 · Sources
-
Other
Capital on Tap announced a partnership with Dojo covering business spend, rewards and access to funding.
capitalontap.com ↗ -
Other
Capital on Tap announced that its Instant Savings account, provided by ClearBank, had reached GBP 1 billion.
capitalontap.com ↗ -
Funding
The firm closed London Cards 3, a GBP 500 million asset-backed securitisation of its business credit card receivables.
capitalontap.com ↗ -
Funding
The firm added GBP 650 million of debt funding, bringing its master trust facility to GBP 1.2 billion.
capitalontap.com ↗ -
Funding
The firm announced GBP 750 million of funding facilities, including a master trust facility with BNP Paribas and Citi.
fintechfutures.com ↗ -
Leadership
Co-founder David Luck became Executive Chairman and Chief Product Officer Damian Brychcy became CEO.
capitalontap.com ↗ -
Funding
The firm announced London Cards No.1, a GBP 250 million public securitisation of UK business credit card receivables.
capitalontap.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
- Licence no. · FCA-EMI
- 900922
- BIC
- Holds no BIC in Swift’s directory
- How the LEI was matched
- Matched by Elucidate on the UK company number the register gives
- Companies House no.
- 07959823 ↗
- Elucidate firm ID
- c83542b55cc1
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Main licence class
- E-Money / Stored Value Institution
- Activities
- Payment services
- E-money / stored value
- Licensed in
- United Kingdom · Europe & Central Asia
- First registered
- 2019-03-20
- Website
- www.capitalontap.com ↗
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Persons with significant control
Companies House · company 07959823 ↗ · as at 9 October 2026
Companies House lists 1 person with significant control for New Wave Capital Limited: 1 individual.
| Name | Type | Nature of control | Notified |
|---|---|---|---|
| Anthony Faillace | Individual | 25–50% of shares · 25–50% of votes | 6 April 2016 |
Companies report persons with significant control to Companies House. Elucidate has not verified them.
A person with significant control holds more than 25% of the shares or votes, can appoint or remove the board, or has significant influence or control. Dates of birth and addresses are not shown.
Matched on the Companies House number that the FCA register gives for this firm.
See the register at Companies House ↗Addresses
- Address on the register
- Capital on Tap, Floors 6-8, Hylo Building, Bunhill Row, London, EC1Y 8LZ
- Country
- United Kingdom
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address, with its LEI
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in two address lines
<FinInstnId>
<LEI>213800ONCWOUSWW97393</LEI>
<Nm>New Wave Capital Limited</Nm>
<PstlAdr>
<PstCd>EC1Y 8LZ</PstCd>
<TwnNm>London</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>Capital on Tap, Floors 6-8</AdrLine>
<AdrLine>Hylo Building, Bunhill Row</AdrLine>
</PstlAdr>
</FinInstnId>CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Register for this page
- FCA Financial Services Register - E-Money Institutions—Financial Conduct Authority (FCA) · source ↗ as at 25 September 2026
- Persons with significant control—Companies House · source ↗ as at 9 October 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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