Capital One Acquires Trade Credit Firm BlueTarp

Capital One Financial Corporation announced Friday that it has reached an agreement to acquire purchase-to-payment and credit management company BlueTarp. In a press release, Capital One pointed to augmented B2B finance capabilities as a result of the takeover, particularly for small and medium-sized businesses. BlueTarp targets SMBs with accounts receivable management cash flow tools risk mitigation solutions and trade credit financing offerings. Integrating this product offering will help Capital One enhance services for business users of its co-branded and private label credit card partnership clients the financial institution said. Current clients of BlueTarp include B2B suppliers in an array of industries including construction equipment and office supplies. The company first launched as a cash flow and credit management company targeting the building material suppliers sector.