Legal Counsel, Capital on Tap
3+ days a week in office (Shoreditch, London )
Credit card built for small businesses
Be an early applicant
Credit card built for small businesses
501-1000 employees
Be an early applicant
3+ days a week in office (Shoreditch, London )
501-1000 employees
Company mission
To make the lives of small business owners easier.
Role
Who you are
- This is the ideal role for someone who is excited to apply their technical knowledge to a rapidly growing company and understand how the legal documents they negotiate impact the wider business
- To be successful in this role, you'll enjoy a fast-paced environment and be able to demonstrate excellent critical judgement, risk awareness, attention to detail and commercial acumen
- At least 2 years PQE in securitisation, structured finance or capital markets. Secondment or in-house experience preferred
- A detailed understanding of debt or structured finance transactions (e.g. warehouses, asset-backed securitisations, master trusts or revolving facilities)
- Someone who is excited to join a small legal team to help with the legal structuring, negotiation and execution of debt financing projects with the aim of becoming the “go-to” person for legal funding queries
- A track record of taking initiative and quickly getting up to speed with complex structures to be able to offer practical solutions
- A great communicator, who enjoys collaborating with different business teams, external stakeholders and law firms
- Adaptable, inquisitive and keen to understand all areas of our business
- Bonus points if you have experience of credit cards or master trusts
What the job involves
- The Legal team's job is to provide legal advice and support the business on a wide range of projects, from new products to innovative financing solutions
- We aim to act as efficiently as possible and ensure our work is provided in a user-friendly manner so that business leaders have the right information at the right time to make informed decisions
- Capital on Tap is seeking a Legal Counsel to work closely with our Capital Markets team on our debt funding facilities
- We recently closed the first European non-bank credit card master trust in a decade and, as we continue to expand across the UK and US, we need an analytical and adaptable lawyer who is eager to be part of our exciting journey
- Reporting to our Head of Legal, you will have significant exposure to many areas of the business and senior leadership
- Negotiating public and private funding structures to fund a growing portfolio of receivables originated by us
- Drafting and reviewing legal documentation, including working with external counsel to ensure we receive documentation and advice in a timely and cost-efficient manner
- Liaising with internal stakeholders to improve processes and ensure our funding facilities work for the new products we develop and for our operational teams
- You will have the opportunity to apply your legal skills to areas outside of finance to help the wider business. This may include new products, commercial contracts or other business initiatives
Application process
- We will aim to get back to you within 3 working days (during busy periods this could take up to 5 working days.)
Salary benchmarks
Our take
Capital on Tap is going against the national trend which, since the financial crash in 2008, has seen the banks dial back the amount they lend to SMEs by 50%. Yet, in that same time, the number of UK SMEs has risen by 30%.
UK SMEs are the backbone of a complex economy that is constantly changing so the need for fast and responsive access to finance is becoming more and more important to ensure their success and growth.
Capital on Tap allows British SMEs access to a credit card with up to £250,000 credit within minutes. Gone are the days when waiting up to eight weeks for a loan decision was viable.
Capital on Tap have raised considerable funding and expanded to the US. The company have reported to have attracted more than 200,000 SMEs to use its services and these users have spent over £10 billlion.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Employee endorsements
Opportunities to learn
"When I started I came from s slightly different tech stack so there were plenty of opportunities to learn new stuff. The company has many internal..."
Funding (1 round)
Oct 2021
$580m
LATE VC
Total funding: $580m
Company benefits
- 🏥 Private Healthcare including dental and opticians services through Vitality
- ✈️ Worldwide travel insurance through Vitality
- 🎁 Anniversary Rewards (£250, £500, £750, 4-week fully paid sabbatical)
- 👛 Salary Sacrifice Pension Scheme up to 7% match
- 🏖️ 28 days holiday (plus bank holidays)
- 📖 Annual Learning & Wellbeing Budget
- 👪 Enhanced Parental Leave
- 🚲 Cycle to Work Scheme
- 🚂 Season Ticket Loan
- 💬 6 free therapy sessions per year
- 🐶 Dog Friendly Offices
- 🍫 Free drinks and snacks in our Offices
Company values
- Just pilot: Our company is built on piloting new ideas, we know our job is never done. We ask questions, we figure it out. We only build what our customers want
- Be a Buddy: It’s never not my job. Tap in from day one. We do the right thing
- Why not today?: Fast is as slow as we go. Take ownership and raise the bar. Keep things simple
Company HQ
London, UK
Articles
Leadership
David Luck
(Founder & Executive Chairman)Started as a consultant at Bain. After 3 years, they joined leading private equity firm KKR for 4 years before starting Capital on Tap.
George Karibian
(Founder)Serial founder, having sold two businesses to private equity companies in the past (XLN Telecom and Euroffice).
Damian Brychcy
(CEO)Previously co-founded Colossus where they served as CEO. Also served as an Attorney at Kilpatrick Townsend & Stockton.
People progressing
Started in Operational Support. 11 years later, Zoe is now Director of Operations.
Diversity, Equity & Inclusion at Capital on Tap
Fay Sumner (Head of Talent)
- At Capital on Tap, we want to be a place where a diverse mix of talented people want to come and do their best work but most importantly feel included and be their authentic selves. We are fully focused on equality and believe deeply in diversity of race, gender, sexual orientation, religion, ethnicity, ability, national origin and all the other characteristics that make us who we are.
- We have put a lot of time into developing an inclusive recruitment strategy to ensure our hiring practices are as inclusive as possible. All hiring managers have attended inclusive recruitment training and we have introduced objective skills testing.
- When speaking to teams across the company, the majority of teams felt that we are a diverse community with a huge mix of backgrounds and many people commented it was the most diverse place they’ve worked.
- Over the last year, we have started to share our own stories and experiences. Groups across the company commented how much they have enjoyed learning from each other and educating ourselves on different areas of diversity. They also felt these talks and discussions bridge the gap between different offices and teams.
- We have celebrated and recognised pride weeks, we spent the week highlighting the culture of South Asian heritage month and have also learnt about Black History in both the US and UK and LGBTQ+ History across the world through film and book discussions.
- We have reflected on our own mental health and how to support ourselves and others. Senior leaders have spoken openly about their experiences and struggles, embedding a culture where it’s ok to speak up if or when you need support. We partnered with That Day mental health support for our UK employees so that everyone is able to access the support and help when they need it.
- Rolled out inclusive management training to all managers on how to run an inclusive and purposeful 1-on-1 and how to create belonging in distributed teams. We have recently rolled out Management on Tap training sessions with the aim to support our managers to feel confident to support their team in the best way possible.
- These commitments are just a snippet of what we have done so far and something that we regularly visit and discuss within Capital on Tap as we know our job is never done. We continuously challenge ourselves to ensure we are taking the right approach, to ensure that we are and continue to be a diverse and inclusive place to work.
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