Allica Bank

Fintech SME banking

Allica Bank logo
501-1000 employees
  • Fintech
  • B2B
  • Banking
  • Financial Services
City of London, London, UK

Company mission

To give established businesses the banking they deserve.

Top investors

42% female employees

71% employee growth in 12 months

Our take

SMEs are one of the central pillars of the British economy, yet many are being let down by the banks in terms of access to finance and personalised long-term support. Allica Bank is a challenger bank established in 2019 specially built to help SMEs thrive in their industry.

The company sets itself apart by reimagining relationship banking, which is something that has been taken away from SMEs in recent years. Allica Bank is not only bringing it back but also improving on it, arming relationship managers with slick technology. This has been successful with the bank offering over £71m in SME loans in its first year of activity. Originally offering savings accounts, commercial mortgages, an asset finance, Allica is now a full-service digital bank for UK SMEs and professional landlords.

The company is a fully licensed bank and it aims to continue to simplify the complex financial world by providing clients with easy-to-understand products and transparent fees. Due to the high levels of demand for its financial products, it has seen significant growth year on year (and is now the UK's fastest growing fintech). Boasting nearly doubling its profit in the last year alone, Allica is really making a name for itself.

Freddie headshot

Freddie

Company Specialist at Welcome to the Jungle

Benefits

  • Health insurance
  • Income Protection
  • Discretionary annual bonus program
  • Season ticket loans
  • Generous pension contributions
  • Life assurance
  • Enhanced maternity, paternity and shared parental leave
  • A packed staff social calendar
  • Flexible working

Funding (last 2 of 4 rounds)

Dec 2022

$136.1m

SERIES C

Jun 2022

$34.1m

LATE VC

Total funding: $355.3m

This company has top investors

Leadership

Previously the COO for HSBC, Commercial Banking Director for TSB Bank, and CEO for Revolut.