Allica raises $155m in Series D funding at a $1.2bn valuation to fuel expansion.
Ventura Capital, GLG, and Sona AM led the financing round to support international growth and technology investments.
≈ £114M at $1 = £0.7376 on 25 Feb 2026
Allica is a digital bank providing dedicated relationship managers, rewards accounts, and technology specifically tailored for established small and medium-sized businesses.
London-based digital bank Allica has secured $155m in a Series D funding round, valuing the business at close to $1.2bn. The financing was led jointly by Ventura Capital, GLG, and Sona AM, with ongoing participation from existing backers TCV and Blue Owl. The majority of the capital comprises common equity, supplemented by additional Tier 1 capital.
Established in 2020, the bank focuses on businesses with between 5 and 250 employees that often find themselves overlooked by traditional high street lenders. The fresh capital will be deployed to expand lending activities, deepen technological capabilities, and initiate international expansion.
Allica has achieved rapid growth since inception, reaching profitability within three years and building a balance sheet comprising nearly £4bn in loans and over £5bn in deposits. The institution currently serves more than 30,000 businesses across the United Kingdom.
From the founder
"We’re building the category-defining digital bank for established SMBs, and are excited to be taking our proprietary platform into new markets. This Series D investment is a major vote of confidence in Allica’s strategy and performance."
Richard Davies
CEO at Allica
Investor perspective
"Allica is a world-class business that is executing exceptionally well in a large, underserved market. Ventura is proud to be a major investor in Allica’s Series D, and we are ready to support this exceptional team’s next stage of growth into international markets."
Mo El Husseiny
Managing Partner, Ventura
Use of funds
- 01Expand into international markets
- 02Continue product development
