Allica Bank - News, Articles & Research

Allica Bank scores £55m in debt and equity

British SME challenger bank Allica has secured £25 million in funding from existing investors, as well as a £30 million Tier 2 capital facility from British Business Investments.

14 June 2022

Company announcement/wholesale

Allica Bank secures £30m Tier 2 capital facility from British Business Investments

British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, today announces a new £30m Tier 2 capital facility for challenger bank, Allica Bank.

14 June 2022

Company announcement/wholesale

Allica Bank goes live on Mambu

Allica Bank, the fintech challenger bank for established SMEs in the UK, today announced their successful go-live on leading cloud banking platform, Mambu.

07 June 2022

Company announcement/people

Allica Bank promotes Ravneet Shah to CTO

Allica Bank – the fintech challenger bank that seeks to empower Britain’s small and medium-sized businesses – has today announced the promotion of Ravneet Shah as Chief Technical Officer (CTO).

10 March 2022

Company announcement/wholesale

Allica Bank selects SaaScada to support roll out of SME banking products

SaaScada, the leading new core banking platform and services provider announces that it has been selected to support the launch of Allica Bank’s new product range in the SME banking sector.

19 January 2022

Company announcement/retail

Allica Bank joins the APPG for Challenger Banks and Building Societies

The APPG for Challenger Banks and Building Societies is delighted to announce that Allica Bank is the latest challenger bank to join as an Associate Member of the Group.

10 January 2022

News/startups

Allica scoops £110 million in Series B

SME challenger bank Allica has agreed a £110 million Series B funding round led by Atalaya Capital Management, alongside existing lead investor Warwick Capital Partners.

25 November 2021

News/startups

Allica Bank buys AIB SME loan book

Challenger Allica Bank has boosted its profitability ambitions by agreeing to buy the £600 million British small business loan book of Allied Irish Bank.

23 November 2021

Company announcement/people

Allica Bank hires three fintech heavyweights

Allica Bank, the business bank dedicated to empowering small and medium-sized businesses to succeed, has continued its recent growth with a trio of senior fintech hires, strengthening its commitment to deliver expert banking for business Britain.

05 October 2020

News/wholesale

Allica Bank bids for $100 million in new funding

UK business bank Allica is embarking on a $100 million fundraising round with an eye to snapping up distressed non-bank lenders impacted by the Coronavirus pandemic.

17 September 2020

Company announcement/people

Allica Bank appoints Revolut's Richard Davies CEO

Allica Bank – the recently launched business bank that seeks to empower small and medium sized businesses – has today announced the appointment of Richard Davies as Chief Executive Officer (CEO).

27 July 2020

Company announcement/startups

Allica Bank adopts Profile core platform

Profile Software, the international financial solutions provider, announced today that Allica Bank, the bank that empowers small and medium businesses to succeed, has comprehensively implemented Profile’s FMS.next, and RiskAvert to manage their banking and risk management operations.

30 June 2020