In a move marking a new chapter in its growth story, Capital on Tap, one of Europe’s fastest-growing businesses, today announced a strategic leadership transition. Co-founder David Luck is set to embrace the role of Executive Chairman, entrusting the CEO mantle to Damian Brychcy, the company’s Chief Product Officer.
“Guiding Capital on Tap for over ten years has been a remarkable journey. As we navigate towards new challenges, my role as Executive Chairman will concentrate on steering our long-term strategy and vision,” said David Luck. “I have worked closely with Damian since founding the company, and he has a proven track record driving growth and innovation. There is no one better to lead Capital on Tap through its next phase of expansion.”
Before joining Capital on Tap in 2014, Damian practised law at Kilpatrick Townsend & Stockton LLP. He also co-founded and served as CEO of Colossus, a podcast media company that is home to many business and investing podcasts including Invest Like the Best, Business Breakdowns, and Founders.
At Capital on Tap, Damian has helped drive rapid expansions through roles spanning technology, product, marketing, and operations. Prior to taking on the Chief Product Officer role, Damian was the Chief Operating Officer at Capital on Tap.
“David’s vision and leadership have made Capital on Tap the success story it is today,” said Damian Brychcy. “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. 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.”
The CEO transition is effective immediately. This strategic move positions Capital on Tap for continued innovation and enables David Luck to focus on shaping the company’s direction. With Damian Brychcy’s in-depth understanding of the company’s mission and operational dynamics, he is well-positioned to spearhead the next phase of expansion, while maintaining a commitment to exceptional customer service.
Capital on Tap makes it easy for small businesses to manage their business spending, access funding, and earn cash back, travel, and gift card rewards. Over 200,000 small businesses have spent more than £8 billion on their Capital on Tap Business Credit Cards across the US and UK. They were recently recognised by The Sunday Times and the Financial Times as one of Britain and Europe’s fastest growing businesses, respectively.
