Allica Bank

Allica Bank provides credit and payment services to established small and medium-sized enterprises.

United Kingdom

£136MTotal raised

Allica Bank is a fintech challenger bank providing credit and payment services to established small and medium-sized enterprises in the United Kingdom. It combines proprietary technology with local relationship managers to serve business customers.

Team

Richard Davies

CEO

Investors

Series B26 November 2021
£110M
Atalaya Capital ManagementLead
WC
Warwick Capital PartnersFollow-on
Series A17 September 2020
£26.0M
WC
Warwick Capital PartnersLead

Funding history

Series B26 November 2021

£110M

Allica Bank secures £110m Series B funding from Atalaya Capital Management to support scaling and acquisitions

The funding round was led by Atalaya Capital Management and will help finance the acquisition of AIB's SME lending portfolio.

Series A17 September 2020

£26.0M

Allica Bank secures £26m in follow-on funding led by Warwick Capital Partners

Warwick Capital Partners led the follow-on investment as the business bank launched a separate £100m funding round to meet surging demand.