--- title: "New Wave Capital Limited · Authorised E-Money Institution (FCA) · United Kingdom | Elucidate" description: "New Wave Capital Limited is authorised by FCA as an authorised e-money institution in the United Kingdom. Licence 900922. LEI 213800ONCWOUSWW97393. Register status, licences, activities and ownership." url: https://elucidate.co/directory/new-wave-capital-limited-c83542b55cc1 --- 1. [Directory](https://elucidate.co/directory) 2. [United Kingdom](https://elucidate.co/directory/country/gb) 3. New Wave Capital Limited United Kingdom · Payments & e-money # New Wave Capital Limited Trading as Capital 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. Register status Licensed in the United Kingdom Authorised E-Money Institution · FCA Prudential licence [1 licence or registration ↓](https://elucidate.co/directory/new-wave-capital-limited-c83542b55cc1#licences) BIC **No BIC** LEI **[213800ONCWOUSWW97393](https://search.gleif.org/#/record/213800ONCWOUSWW97393)** [Licence no. **900922**](https://elucidate.co/directory/new-wave-capital-limited-c83542b55cc1#licences) ## 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 Institutions](https://elucidate.co/directory/register/fca-emi) FCA | Authorised E-Money InstitutionE-Money / Stored Value Institution | 900922 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2019-03-20 | — | - Payment services - E-money / stored value | [Search the register ↗](https://register.fca.org.uk/s/) | 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](https://elucidate.co/directory/new-wave-capital-limited-c83542b55cc1#overview-sources) Customers 350,000 customers · Group · 29 Sep 2026 · [company statement ↗](https://www.capitalontap.com/en/company/about/) Employees 667 headcount · This entity · 31 Mar 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/07959823/filing-history/MzQ5Mzk2NDMyNGFkaXF6a2N4/document?format=pdf&download=0) 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 ↗](https://www.capitalontap.com/) [account.capitalontap.com ↗](https://account.capitalontap.com/) customer portal and application site - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/capital-on-tap/) · [X ↗](https://twitter.com/CapitalOnTap/) · [Facebook ↗](https://www.facebook.com/CapitalOnTap/) - **Apps:** [App Store ↗](https://apps.apple.com/gb/app/capital-on-tap/id1398201114) · [Google Play ↗](https://play.google.com/store/apps/details/?id=com.cot.app) Sources · 16 pages consulted 1. [find-and-update.company-information.service.gov.uk/company/07959823](https://find-and-update.company-information.service.gov.uk/company/07959823) 2. [find-and-update.company-information.service.gov.uk/company/07959823/officers](https://find-and-update.company-information.service.gov.uk/company/07959823/officers) 3. [find-and-update.company-information.service.gov.uk/company/07959823/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/07959823/persons-with-significant-control) 4. [find-and-update.company-information.service.gov.uk/company/07959823/filing-history](https://find-and-update.company-information.service.gov.uk/company/07959823/filing-history) 5. [find-and-update.company-information.service.gov.uk/company/07959823/filing-history/MzQ5Mzk2NDMyNGFkaXF6a2N4/document?format=pdf&download=0](https://find-and-update.company-information.service.gov.uk/company/07959823/filing-history/MzQ5Mzk2NDMyNGFkaXF6a2N4/document?format=pdf&download=0) 6. [capitalontap.com/en/](https://www.capitalontap.com/en/) 7. [capitalontap.com/en/legal/](https://www.capitalontap.com/en/legal/) 8. [capitalontap.com/en/legal/emoney-facility-agreement/](https://www.capitalontap.com/en/legal/emoney-facility-agreement/) 9. [capitalontap.com/en/legal/terms-of-use/](https://www.capitalontap.com/en/legal/terms-of-use/) 10. [capitalontap.com/en/company/about/](https://www.capitalontap.com/en/company/about/) 11. [capitalontap.com/en/company/newsroom/posts/capital-on-tap-announces-leadership-evolution/](https://www.capitalontap.com/en/company/newsroom/posts/capital-on-tap-announces-leadership-evolution/) 12. [capitalontap.com/en/company/newsroom/posts/capital-on-tap-closes-500m-funding-deal/](https://www.capitalontap.com/en/company/newsroom/posts/capital-on-tap-closes-500m-funding-deal/) 13. [capitalontap.com/en/company/newsroom/posts/additional-650-million-in-funding/](https://www.capitalontap.com/en/company/newsroom/posts/additional-650-million-in-funding/) 14. [capitalontap.com/en/company/newsroom/posts/capital-on-tap-announces-public-securitisation-facility/](https://www.capitalontap.com/en/company/newsroom/posts/capital-on-tap-announces-public-securitisation-facility/) 15. [fintechfutures.com/venture-capital-funding/capital-on-tap-secures-record-500m-in-asset-backed-funding](https://www.fintechfutures.com/venture-capital-funding/capital-on-tap-secures-record-500m-in-asset-backed-funding) 16. [account.us.capitalontap.com/apps/apply/](https://account.us.capitalontap.com/apps/apply/) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/new-wave-capital-limited-c83542b55cc1#overview-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 ↗](https://www.capitalontap.com/en/legal/emoney-facility-agreement/) | | Financial Conduct Authority United Kingdom | Authorised firm (consumer credit activities) | 625592 | In its own name | Active | [capitalontap.com ↗](https://www.capitalontap.com/en/) | 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](https://elucidate.co/directory/new-wave-capital-limited-c83542b55cc1#overview-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. [capitalontap.com ↗](https://www.capitalontap.com/en/legal/emoney-facility-agreement/) - **Deposit-holding bank:** ClearBank Limited United Kingdom [capitalontap.com ↗](https://www.capitalontap.com/en/) - **Payment schemes and card networks:** Visa Access not stated [capitalontap.com ↗](https://www.capitalontap.com/en/) 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](https://elucidate.co/directory/new-wave-capital-limited-c83542b55cc1#overview-sources) - Lending - E-money wallet 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 252.8mGroup · 31 Mar 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/07959823/filing-history/MzQ5Mzk2NDMyNGFkaXF6a2N4/document?format=pdf&download=0) - **Sells to:** Small businesses - **Serves customers in:** United Kingdom ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/new-wave-capital-limited-c83542b55cc1#overview-sources) - **Chief executive:** Damian Brychcy Chief Executive Officer Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07959823/officers) - **Chair:** David Luck Executive Chairman Confirmed 29 Sep 2026 · [capitalontap.com ↗](https://www.capitalontap.com/en/company/about/) - **Executive:** Anthony Faillace Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07959823/officers) - **Executive:** George Vahak Karibian Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07959823/officers) - **Executive:** Andrew Joseph Roberto Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07959823/officers) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/new-wave-capital-limited-c83542b55cc1#overview-sources) 1. Mar 2026 Other Capital on Tap announced a partnership with Dojo covering business spend, rewards and access to funding. [capitalontap.com ↗](https://www.capitalontap.com/en/company/newsroom/posts/capital-on-tap-announces-leadership-evolution/) 2. Jan 2026 Other Capital on Tap announced that its Instant Savings account, provided by ClearBank, had reached GBP 1 billion. [capitalontap.com ↗](https://www.capitalontap.com/en/company/newsroom/posts/capital-on-tap-announces-leadership-evolution/) 3. Nov 2025 Funding The firm closed London Cards 3, a GBP 500 million asset-backed securitisation of its business credit card receivables. [capitalontap.com ↗](https://www.capitalontap.com/en/company/newsroom/posts/capital-on-tap-closes-500m-funding-deal/) 4. May 2025 Funding The firm added GBP 650 million of debt funding, bringing its master trust facility to GBP 1.2 billion. [capitalontap.com ↗](https://www.capitalontap.com/en/company/newsroom/posts/additional-650-million-in-funding/) 5. Feb 2025 Funding The firm announced GBP 750 million of funding facilities, including a master trust facility with BNP Paribas and Citi. [fintechfutures.com ↗](https://www.fintechfutures.com/venture-capital-funding/capital-on-tap-secures-record-500m-in-asset-backed-funding) 6. Feb 2025 Other The firm launched a business savings account provided by ClearBank. [capitalontap.com ↗](https://www.capitalontap.com/en/company/about/) 7. Jan 2024 Leadership Co-founder David Luck became Executive Chairman and Chief Product Officer Damian Brychcy became CEO. [capitalontap.com ↗](https://www.capitalontap.com/en/company/newsroom/posts/capital-on-tap-announces-leadership-evolution/) 8. Jul 2023 Funding The firm announced London Cards No.1, a GBP 250 million public securitisation of UK business credit card receivables. [capitalontap.com ↗](https://www.capitalontap.com/en/company/newsroom/posts/capital-on-tap-announces-public-securitisation-facility/) 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 - **LEI:** [213800ONCWOUSWW97393 ↗](https://search.gleif.org/#/record/213800ONCWOUSWW97393) - **How the LEI was matched:** Matched by Elucidate on the UK company number the register gives - **Companies House no.:** [07959823 ↗](https://find-and-update.company-information.service.gov.uk/company/07959823) - **Elucidate firm ID:** c83542b55cc1 ## Profile - **Type:** Payments & e-money - **Regulation:** Prudential licence - **Main licence class:** E-Money / Stored Value Institution - **Activities:** - Payment services - E-money / stored value - **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb) · Europe & Central Asia - **First registered:** 2019-03-20 - **Website:** [www.capitalontap.com ↗](https://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 ↗](https://find-and-update.company-information.service.gov.uk/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 ↗](https://find-and-update.company-information.service.gov.uk/company/07959823/persons-with-significant-control) ## 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 ```xml 213800ONCWOUSWW97393 New Wave Capital Limited EC1Y 8LZ London GB Capital on Tap, Floors 6-8 Hylo Building, Bunhill Row ``` 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. ## Related institutions ### Other payments & e-money institutions in the United Kingdom - [Stonex Financial LTD BIC IGLUGB2L Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 446717 (FCA-PSD) · also on FINTRAC-MSB · LEI 549300AWF3TOHRYL7754](https://elucidate.co/directory/stonex-financial-ltd-iglugb2l) - [Dex International Limited · trading as DEXREMIT No BIC Payments & e-money Crypto Money service business Prudential licence United Kingdom · Licensed by FCA · 503929 (FCA-PSD) · also on HMRC-MLR, FINTRAC-MSB · LEI 9845003995D06S994R04](https://elucidate.co/directory/dex-international-limited-ff2b0c01c725) - [Euronet Payment Services Ltd · trading as Ria Money Transfer, Ria No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 504630 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/euronet-payment-services-ltd-6f4dec33a392) - [Instinet Europe Limited BIC ISNTGB2L Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 140822 (FCA-PSD) · LEI 213800MXAKR2LA1VBM44](https://elucidate.co/directory/instinet-europe-limited-isntgb2l) - [Isx Financial UK LTD BIC ISFIGB22 Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 901034 (FCA-EMI) · LEI 2138007BDV9IRS8AYD07](https://elucidate.co/directory/isx-financial-uk-ltd-isfigb22) - [Western Union Payment Services GB Limited · trading as Manning House, WU No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 816890 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/western-union-payment-services-gb-limited-0741de977896) - [A to Z 4U Ltd · trading as SAAK REMIT, Saakpay No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 570837 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/a-to-z-4u-ltd-25c2ca0fa3b5) - [Allied Wallet Limited No BIC Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 900124 (FCA-EMI) · also on FCA-PSD · LEI 213800HO66BDXP716G24](https://elucidate.co/directory/allied-wallet-limited-8983cc2e32eb) [See all →](https://elucidate.co/directory/search?type=payments&cc=GB) [Other entries on FCA-EMI →](https://elucidate.co/directory/register/fca-emi) 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 →](https://elucidate.co/directory/methodology) Register for this page - **FCA Financial Services Register - E-Money Institutions**—Financial Conduct Authority (FCA) · [source ↗](https://register.fca.org.uk/s/) as at 25 September 2026 - **Persons with significant control**—Companies House · [source ↗](https://download.companieshouse.gov.uk/en_pscdata.html) 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)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.