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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
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