3 years ago

Allica Bank Secures £100 Million in Series C Funding to Expand SME Banking Services

  • Allica Bank, a London-based fintech SME challenger bank, has raised £100 million in Series C funding led by TCV, with participation from Warwick Capital Partners and Atalaya Capital Management

  • The company plans to use the funds to expand its reach in the UK SME market

  • Allica offers a full-service banking relationship to SMEs and entrepreneurs, including lending, savings, and payments.

      • ProblemFinancial Services

      "Traditional banks often don't cater to the needs of established small and medium-sized enterprises (SMEs) in the UK, leaving them with limited access to lending, savings, and payment solutions."

      Solution

      "Allica Bank offers a digitally-native banking experience specifically designed for established SMEs and entrepreneurs, providing them with a full-service banking relationship including lending, savings, and payments."

      Covered on