London FinTech Capital on Tap has appointed a new CEO.

The provider of credit cards to SMEs, one of Europe’s fastest-growing businesses, has revealed that current CEO and co-founder David Luck will become executive chairman, effective immediately. 

Chief product officer Damian Brychcy has been promoted to CEO.

“Guiding Capital on Tap for over 10 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 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.”

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Before joining Capital on Tap in 2014, Brychcy 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. 

Prior to taking on the CPO role, he 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 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.”

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