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Allica Bank launched its business current account in
January 2023. By the end of the year it was reported to have 2,000 business current account customers. That same year, Allica revealed it achieved its first full-year profit and that it had lent over £2 billion to SME businesses since it launched.
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In late-November 2021, Allica Bank announced it had closed a £110 million Series B fundraise, led by new investor
Atalaya Capital Management, along with existing investor, Warwick.
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in 2019. In June 2024, it was revealed as the UK's fastest-growing private company in The Sunday Times 100, after having also been named as the UK's fastest-growing
366:
260:, a leading global technology investor, led a £100 million funding round in Allica Bank in December 2022, alongside existing investors Warwick and Atalaya.
229:'s British SME lending portfolio, composed of about £600 million of loans to 2,000 customers. The process was reported to have completed in August 2022.
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In June 2022, Allica Bank raised a further £55 million from existing investors
Warwick and Atalaya, and British Business Investments (part of the
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This represented an increase of 47% on the previous year. It had previously predicted it would reach £3 billion of business lending by 2025.
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In August 2024, Allica acquired specialist bridging lender Tuscan
Capital, which it plans to fully integrate into its main business.
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464:"Allica Bank completes £500m AIB loan book migration and reveals first business current account details"
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Warwick
Capital Partners led a £26 million funding round in Allica Bank in September 2020.
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Allica Bank's main headquarters are in London and Milton Keynes. It also has an office in
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489:"Allica Bank: Fintech darling reports first annual profit as loan book swells to £2bn"
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187:. It offers a range of lending, savings and current account products to UK
515:"Raise safety net for business deposits 'to boost banking competition'"
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222:'s Chief Operating Officer Richard Davies as its CEO in July 2020.
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617:"Small business lender Allica raises £110m as it quickens growth"
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https://www.allica.bank/hubfs/Allica-Bank_Annual-report_2023.pdf
675:"Allica Bank bags £100m cash injection after swing into profit"
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310:"Allica Bank to invest £50m into new current account offering"
367:"Allica Bank tops the 2023 Deloitte UK Tech Fast 50 rankings"
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in 2019 and made its first loan in March 2020. It appointed
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Financial services companies based in the City of London
343:"100 fastest-growing companies in Britain 2024 revealed"
591:"Allica Bank plans to raise £100m to meet loan demand"
573:"Allica enters bridging market after acquiring Tuscan"
440:"AIB confirms sale of British SME book to Allica Bank"
214:Allica Bank acquired its banking licence from the
194:Allica Bank acquired its banking licence from the
649:"Allica Bank scores £55m in debt and equity"
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415:"Banking veteran departs Revolut after one year"
699:"About Us | Expert SME Banking | Allica Bank"
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615:Griffiths, Katherine (26 November 2021).
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391:"Allica Bank 2023 UK Fast 50 case study"
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189:small and medium-sized businesses (SMEs)
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225:In November 2021, Allica Bank acquired
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571:Topham, Elliot (29 August 2024).
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547:"Allica Bank hits profitability"
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673:Conchie, Charlie (2022-12-05).
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216:Prudential Regulation Authority
196:Prudential Regulation Authority
728:Financial technology companies
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308:Cogley, Michael (2020-08-10).
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341:Tyler, Richard (2024-07-02).
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183:headquartered in London and
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733:Banks of the United Kingdom
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513:Howard, Tom (2024-05-15).
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139:£19.2 million (2023)
59:; 5 years ago
577:Bridging & Commercial
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371:Deloitte United Kingdom
206:2023 UK Tech Fast 50.
395:UK Technology Fast 50
252:British Business Bank
101:Richard Davies (CEO)
553:. 27 September 2022
145:Number of employees
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20:Allica Bank Limited
227:Allied Irish Banks
48:Financial services
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597:. 2020-09-17
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72:Headquarters
34:Company type
240:Fundraising
177:Allica Bank
87:Area served
717:Categories
684:2023-04-06
659:2023-04-06
634:2023-04-06
601:2023-04-06
557:2023-04-06
532:2024-05-15
499:2024-05-15
474:2023-04-06
449:2023-04-06
425:2023-04-06
400:2024-05-15
376:2024-01-08
352:2024-07-02
327:2024-01-08
276:References
270:Manchester
204:Deloitte's
129:Net income
97:Key people
629:0140-0460
621:The Times
527:0140-0460
519:The Times
322:0307-1235
264:Locations
202:ever in
106:Products
44:Industry
220:Revolut
210:History
200:fintech
166:.allica
159:Website
114:Revenue
62: (
54:Founded
38:Private
679:CityAM
627:
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320:
76:London
723:Banks
551:AltFi
468:AltFi
168:.bank
625:ISSN
523:ISSN
318:ISSN
64:2019
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258:TCV
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164:www
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