Capital on Tap, a firm renowned for revolutionising how small businesses manage finances, has announced a leadership shake-up.
The company, a stalwart in simplifying business spending, has revealed that co-founder David Luck is set to step into the role of Executive Chairman, passing the CEO baton to Damian Brychcy, the incumbent Chief Product Officer.
This leadership transition, effective immediately, sets the stage for Capital on Tap’s continued innovation and steadfast commitment to exceptional customer service. Luck’s shift to Executive Chairman allows him to focus on shaping the company’s direction, while Brychcy is poised to lead the charge into the next phase of expansion.
Luck has been an instrumental force in the company’s ascent, steering it through a decade of growth. His transition to Executive Chairman is a strategic move aimed at fortifying the company’s long-term vision and strategy.
Meanwhile, Brychcy, previously Chief Operating Officer and now CEO, boasts a profound understanding of the company’s ethos and operations, ensuring a seamless transition and a relentless pursuit of innovative customer-centric solutions.
His career trajectory showcases a diverse background, having practiced law at Kilpatrick Townsend & Stockton LLP before joining Capital on Tap in 2014. His multifaceted roles within the company, spanning technology, product development, marketing, and operations, underscore his expertise and pivotal contributions to the company’s exponential growth.
At its core, Capital on Tap stands as a beacon for small businesses, offering an array of tools to streamline expenditure management, facilitate funding avenues, and reward business-related spending. With over £8 billion in transactions across the US and UK, the company caters to more than 200,000 small businesses, empowering them with cash back, travel perks, and gift card rewards.
“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.”
Damian Brychcy, incoming CEO of Capital on Tap, said, “David’s vision and leadership have made Capital on Tap the success story it is today. 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 hyper-focus 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.”
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