Small business lender Capital on Tap has appointed Damian Brychcy as CEO.
Outgoing CEO David Luck, who co-founded Capital on Tap in 2012, will assume the role of executive chairman.
Brychcy previously served as promoted chief product officer and comes from a legal background.
He takes the CEO role effective immediately.
“From day one of this business we have been exclusively focused on small business owners and building tools that make it easier to run their small business,” said Brychcy, who also co-founded podcast media company Colossus.
“Our hyperfocus is something that David drilled into the business. Having been a small business owner myself, I understand the pain and struggle that business owners go through, especially when it comes to getting access to finance or payment tools. I am truly excited to continue on that mission of serving the needs of small business owners all around the world.”
London-based Capital on Tap provides small business credit cards, loans, cashback and rewards.
It says that over 200,000 small businesses have spent more than £8bn using Capital on Tap business credit cards. The company has been operating in the US since March 2021.
Last year Capital on Tap secured a £200m funding facility from investment bank JP Morgan and investment manager Triple Point.