Allica Bank’s cover photo
Allica Bank

Allica Bank

Financial Services

London, England 284,821 followers

Business banking how it used to be, just better.

About us

šŸ† The UK’s #1 fastest-growing private company (The Sunday Times 100, 2024) šŸš€ One of LinkedIn’s Top UK Startups and Deloitte’s fastest-growing UK fintech ever 🌟 Rated ā€˜Excellent’ on Trustpilot Allica is a bank built especially for established businesses with between 5 and 250 employees. A third of the UK’s economy depends on these businesses, yet they’re overlooked by the big banks with a service that is increasingly impersonal, inconvenient, and poor value. We’re here to change that. Allica Bank is on a mission to give established businesses the banking they deserve. That means: - a current account that rewards business owners for using it. - a relationship manager whose name and number they actually know. - powerful tools and technology that make life easier, not harder. It’s proving to be a winning combination. Allica was named as Britain's fastest-growing private company in 2024’s The Sunday Times 100, and we’re also the fastest-growing fintech in the 26-year history of Deloitte’s UK Technology Fast 50 awards. Since we opened our doors in 2020, Allica has lent over Ā£3 billion to established UK businesses and raised Ā£4 billion in deposits. From our offices in Milton Keynes, London and Manchester, we’re offering business banking how it used to be, just better.

Industry
Financial Services
Company size
501-1,000 employees
Headquarters
London, England
Type
Privately Held
Founded
2019
Specialties
SME Banking, Business Banking, Savings, Business Loans, Commercial Mortgages, and Asset Finance

Locations

Employees at Allica Bank

Updates

  • ā³ Not long left to vote! Voting closes for the 2025 NACFB Lender Awards at 5pm on 20th October – and we’d love your support. We’re proud to be nominated across four categories this year, including Business Bank of the Year and Commercial Mortgage Lender of the Year. But most of all, we’re proud to be a bank that backs brokers. Your feedback drives what we build. Over the past year, that’s included: 1. Launching specialist buy-to-let mortgages for more complex cases 2. Rolling out our bridge-to-term product to give clients a smoother exit 3. Cutting rates across the board to help more deals stack up 4. Introducing a broker referral scheme for current account referrals This year, we’re shortlisted for: 1. BDM Team of the Year 2. Business Bank of the Year 3. Commercial Mortgage Lender of the Year 4. Pioneers of the Year (for our bridge-to-term product) NACFB members should have received the link and password directly from the NACFB. Thank you, as ever, for trusting us to help you deliver for your clients. #brokers #businessbanking #commercialmortgages #bridgingfinance #SMEfinance

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  • The rise of the fractional CFO is reshaping finance leadership. šŸ“Š Ā  In partnership with AccountingWEB.co.uk, we explore how businesses are adapting to talent shortages, complex regulation, and strategic funding needs by turning to fractional finance leaders. Ā  From navigating compliance to unlocking growth capital, fractional CFOs are becoming a go-to solution for many established SMEs needing high-level expertise without the full-time cost. Ā  Speaking about the rise in fractional finance leaders, Sara Daw, group CEO of The CFO Centre UK, said: ā€œI think what happened during the financial crisis and Covid, in particular, was that large accounting firms reduced their demand for bringing in trainee accountants. So fewer were coming through that funnel. We didn’t really know during Covid or the financial crisis how things were going to pan out, so we were being cautious.ā€ Ā  ā€œThat then shows up five years later when you haven’t got those newly qualified people that are coming through into the finance teams that normally would in the volume that you would expect.ā€ Ā  She says that, with fractional CFOs able to take on several clients simultaneously, they’re finding themselves filling those gaps that’ve been left behind. Ā  šŸ”— Read the full article, featuring insights from Sara Daw (The CFO Centre UK), JULIA LEASK (CIMA Council), and our own Sophie Hossack at Allica Bank:Ā https://lnkd.in/eUWD3Dvu Ā  #FractionalCFO #SMEs #AccountingWEB #businessbanking

  • DeskLodge | B Corpā„¢ is reimagining the workspace – and we’re proud to be backing them. Ā  The award-winning Bristol workspace brand has secured a refinance from Allica Bank to support a bold rebrand and major refresh across its two vibrant locations. We’re proud to back businesses like DeskLodge, who are: Ā  šŸ† B Corp certified šŸ† The Sunday Times Top Ten Places to Work šŸ† Community powered and built for the future Ā  With upgraded tech, fresh breakout zones, and a design that reflects the creativity of its community, DeskLodge is evolving how space supports connection, especially for teams using offices just a few days a week. Ā  Founder Tom Ball, winner of a South West Business Leader award, said: ā€œWe weren’t just looking for a loan, we wanted a long-term funding partner that could go on this journey with us. And that’s exactly what we’ve found.ā€ Ā  Tom Hine, DeskLodge's Bristol-based Relationship Manager, said: ā€œFrom the moment I met Tom, it was clear he had a strong vision and a real passion for what he’s building here in Bristol. DeskLodge is exactly the kind of forward-thinking, community-led business we love to support – ambitious, grounded, and built for the future.ā€ Ā  Here’s to the next chapter šŸ‘ Ā  #bristolbusiness #flexibleworking #businessbanking #bcorpĀ #SMEfinance

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  • Supporting brokers with smarter, faster business lendingĀ šŸ’” Ā  At Allica Bank, we’re proud to back brokers with the tools and expertise they need to help established SMEs grow. Our relationship-led approach, combined with innovative technology, is transforming how brokers access lending for their clients. Ā  In the latest NACFB Commercial Broker Magazine, Brandon Hall, Head of Sales – Asset Finance at Allica Bank, explains how artificial intelligence is helping us move even faster: ā€œAI is allowing us to streamline complex SME lending without losing the human relationships brokers value. It means quicker analysis, better decisions and more time for brokers to focus on supporting their clients.ā€ Ā  We’re committed to combining technology with personal service to give brokers and their clients clarity, speed and confidence. Ā  Read the full article on page 22-23:Ā https://lnkd.in/eJft8nTHĀ  Ā  #SMElending #assetfinance #assetfinancebrokers

  • For Elevate Accountancy, it all starts with relationships.Ā  Ā  Based in Wrexham, this fast-growing firm has built its success on genuine collaboration – both with clients and with partners like Allica Bank. As they put it,Ā ā€œThe partnership with Allica has been refreshingly collaborative.ā€Ā  Ā  Elevate supports ambitious SMEs across professional services, franchising, healthcare, creative industries, tech and property. Since launching in 2023, they’ve built a reputation for being hands-on, approachable, and focused on helping businesses scale sustainably.Ā  Ā  Many of their clients have faced slow decisions and rigid lending from traditional banks. But as Elevate say, ā€œAllica genuinely understands the SME landscape.ā€Ā  Ā  Our partnership reflects a shared commitment to making business banking more personal, agile and transparent. Together, we’re helping more established businesses secure the money they need to grow with confidence.Ā  Ā  ā€œIt’s rare to find a banking partner that aligns so closely with our values of trust, agility and client-first service.ā€Ā  Ā  At Allica Bank, we’re proud to work with firms like Elevate who share our goal of giving established businesses the support and confidence they deserve.Ā  Ā  šŸ‘‰ Swipe to read more of their story.Ā  Ā  #accountantsspotlight #accountants #businessbanking

  • šŸŽÆ The World Conker Championships are back this Sunday – and Allica Bank is proud to be sponsoring again! Ā  Now in its 58th year, the iconic event draws competitors from across Europe, the US, New Zealand and beyond – all converging on Southwick, near Oundle in Northamptonshire, on Sunday 12th October. Ā  Run entirely by volunteers, the championships have raised nearly half a million pounds for charity over the years – and give the local economy a welcome annual boost. Ā  We’re back as sponsor for the second year as part of our Here Is Where The Heart Is campaign – championing the local events that make our communities special, just like the established businesses we support. Last year had its fair share of drama, to say the least. Who knows what this year will bring? šŸ‘€ Ā  šŸ‚ See you there! #HereIsWhereTheHeartIs #northamptonshire #conkers

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  • View organization page for Allica Bank

    284,821 followers

    Running a business can be lonely. The pressure. The decisions. The fear of getting it wrong. Ā  That’s why we’re proud to support the Entrepreneurs Therapy Club – a space for founders to talk honestly about the emotional side of building a business. Ā  Over 200 people have already joined this next edition of the Scale Up Programme. And there’s still time to get involved. Ā  🧠 Upcoming online sessions: Ā  10 Oct:Ā Setbacks to successĀ with Andrea Corbett – [2 spaces left] https://luma.com/2evtd4s9 Ā  šŸ“Ā In-person events: Ā  15 Oct: Starting OverĀ at Apple Covent Garden – https://luma.com/eqsjx317 30 Oct: Taking the Fear out of Sales at Somerset House – https://luma.com/gcoscr5j Ā  Check out the comments for further details. Akil Benjamin #entrepreneurs #support

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  • šŸØ A Welsh landmark reborn, with the backing of Allica Bank. Ā  Penarth’s iconic Holm House Hotel is getting a new lease of life, thanks to local entrepreneurs Kashif Ahmed and Rushna Ghaznavi, who also run Agnitio Chartered Accountants and Business Advisors. Ā  They’ve secured a Ā£1.8 million bridge-to-term loan from Allica, introduced by Capitalise, to transform the hotel into a luxury destination on the Vale of Glamorgan coast. They plan to use a bold new model that brings together best-in-class operators across hotel stays, dining and wellness. Ā  šŸ‘ Huge congratulations to Kashif and Rushna. Their plans include: Ā  šŸ›€ A new wellness centre šŸ½ļø A partnership with Silures (Cardiff’s most booked restaurant of 2024) šŸ° A fresh approach to luxury hospitality Ā  With support from Andy Reeder, Business Development Manager at Allica, and money arranged via Senior Funding Specialist George C. at Capitalise, they’re now turning their vision into reality. Ā  ā€œHolm House is deeply rooted in Penarth’s rich history and we’re delighted to play a part in keeping it alive,ā€ said Kashif. ā€œRushna and I have ambitious plans to further develop Holm House as a luxury destination perfectly positioned between nature and culture.ā€ Ā  ā€œWhen we spoke with Kashif and Rushna about their plans for Holm House, their passion and vision for the property were infectious,ā€ said Andy. ā€œI’m delighted that Allica are able to support them and help give this iconic hotel a new lease of life.ā€ Ā  We’re proud to back established businesses like theirs and help iconic venues like Holm House thrive once again. Ā  #businessbanking #hospitality #hotels #wales #penarth #bridgingfinance #SMEfinance

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  • Your iPhone is now your Allica Bank card šŸ™Œ We’re thrilled to announce that Apple Pay is here for Allica Bank customers – available across all your Apple devices. Pay quickly, securely, and privately in store, online, in apps and whenever you see the Pay or contactless symbol. Add your Allica Bank card to Apple Wallet straight from the Allica Bank app, or directly in Apple Wallet. Start using Apple Pay today and make every payment effortless. → Find out more here: https://lnkd.in/eTy4czaj #ApplePay #payments #businessbanking

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  • Calling all established business owners in Essex and the South East šŸ‘‹ Ā  We’re launching the Allica Bank Growth Club in Chelmsford, Essex this Thursday, 2nd October – and we’d love you to be part of it. Ā  It’s a chance to: 🧔 connect with other local business owners 🧔 hear from experts on how to grow your business 🧔 get practical insights you can put into action Ā  šŸ“ Essex County Cricket Club in Chelmsford šŸ“… Thursday 2nd October šŸ”— https://lnkd.in/ePbrcpwm Ā  Got a question? Reach out to your dedicated relationship manager for more details. Ā  #growth #essex #allicabank Gareth Anderson Luke Veale Gregory Roake Emily Hopkins Mick Brooks

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Funding

Allica Bank 6 total rounds

Last Round

Series C

US$ 121.9M

See more info on crunchbase