September 30, 2020

Cape Press Release

Ryan Edwards-Pritchard

First Ever Recession-Fighting, Open Banking-Enabled SME Tool launching 2021

Fintech rising star Cape is on target for its early-2021 launch of a highly anticipated working capital solution designed to help founders and their digital businesses through these economically challenging times.

Cape is the first ever 3-in-1 hybrid working capital solution in the form of a revolutionary new credit card with BNPL and Cash Management built-in, underpinned by open banking.  

Interested founders and digital businesses to register their interest at

Cape are introducing a new working capital solution in the form of a credit card powered by Open Banking technology and will launch in February 2021 designed to support the recovery of Australia’s digital/small business community that has been affected by the COVID-19 pandemic.

Designed by rising fintech startup Cape, the revolutionary type of corporate credit card underpinned by open banking, incorporating three essential features, that will allow digital businesses to better manage their cash flow, whilst accessing finance to invest into growth. The innovative solution will allow for streamlined repayments based on performance through challenging times.

Cape will utilise insights gained from live data sources, courtesy of open banking and accounting, that will unlock access to credit much faster and more cost-effectively through three key features:

1.     Live credit file management: Given the diversity of small businesses, Open Banking data is essential in allowing Cape to analyse the real-time revenue of its customers and forecast their future performance in order to assess creditworthiness and personalise credit limits.  

2.     Buy Now Pay Later - Cape initially issues limits to act as a float for daily expenses. The Buy Now Pay Later (BNPL) solution is integrated into the transaction feed  so that it can be used during or after a purchase to optimise the available balance. Ensuring businesses aren’t trapped in revolving credit facilities by moving purchases not made at the end of the month into the BNPL installment plan.

3.     Revenue Based Finance repayments: Cape provides a built-in cash flow optimizing feature.  When a small business’ revenue slows down, then so do its installment payments – a refreshing, unique solution and friendlier alternative to traditional funding.

Founder Ryan Edwards-Pritchard commented: “We know already from our work in the fintech and digital sectors that businesses are facing hurdles when it comes to accessing credit having been locked out of business lending, equity investments or simply are nervous about external finance in the current climate. Accessing working capital in the early stages to fund growth is essential but without the right support, many of our SME’s will fail over the coming months and years. Their ambition, energy & creativity extinguished, along with reduced consumer choice and countless jobs.  That is why we have designed our solution  to help small businesses in the digital community have access to much-needed resources when they need it – not when their bank says they can.”

The COVID-19 pandemic continues to take its toll on Australia’s 2.1 million small and medium enterprises (SMEs) that contribute 57% to the country’s overall GDP. In particular, small businesses have been heavily impacted when attempting to access working capital and credit, and have become more vulnerable to the ensuing economic downturn.  

Edwards-Pritchard continued: “Founders and their businesses face a myriad of spending decisions on a daily basis and they need the flexibility and speed of a funding stream that can accommodate how they work: from an online customer acquisition campaign to rapidly launching a new product to adapt to changing market needs, small business lending is an essential enabler relevant across the lifecycle of a business. Cape’s first product is designed to be more convenient for start-up founders who are searching for a more manageable and tailored alternative to a bank loan, equity investment or personal credit card.”

Cape’s founding team, include Ryan Edwards-Pritchard ex Funding Options, Edo Omoniyi ex 11:FS and Steve Martin ex OutFund & Funding Circle’s first Engineer, have a track record of unlocking billions of dollars in working capital for small business owners and in the process have built and scaled some of industry’s most recognised Fintechs.

Cape will launch in 2021. Businesses interested in applying for their Working Capital solution should register their interest at

About Cape

Cape are re-inventing the Corporate Credit Card to help digital business owners gain control of their cash flow through their platform, encompassing three integrated core features: Revolving Line of Credit, a BNPL installment plan and expense management capability. Capes solution is built  to help you unlock capital to invest into growth, whilst optimising your cashflow to save money and ensuring your runway goes further.

Cape will be launching in the new year. For more information, early access to their Beta or to join their founders community visit their website

Media contact

Ryan Edwards-Pritchard,, +61 (0)406 252 332


Ryan Edwards-Pritchard and Edo Omoniyi