Allica Bank: Signs £110m Series B funding round

Allica Bank: Signs £110m Series B funding round

• Allica Bank exists to empower small and medium businesses to succeed. Built on tailored expertise
• The new funding will support continued scaling as well as the acquisition of AIB SME lending portfolio
• Announces a £110m Series B funding round led by Atalaya Capital Management
• The only fintech challenger bank in the UK dedicated to providing a full range of credit
• The bank has built strong momentum in its existing lending, with more than £0.5bn
• The new £110m funding round will support continued investment powerful proprietary technology