Allica Bank secures additional £55m for future growth
Allica Bank – the FinTech challenger bank that seeks to empower Britain’s small and medium-sized businesses – has today announced it has secured £55 million in additional funding as it continues to make significant gains in the SME banking market.
The latest funding builds on Allica’s successful £110 million Series B funding round in November 2021 – and increases the total funding raised by Allica Bank to £285 million, providing a strong basis on which the bank can continue to take on the mainstream ‘high street’ banking market for established, growing SMEs.
