Allica Bank raises €63.3M Growth round
14 June 2022· London, United Kingdom· finance, banking, ai, b2b, pure_software
The round consisted of £25 million in equity and a £30 million Tier 2 capital facility to support the scaling of Allica's SME lending and growth plans.
“We are building the category-defining digital bank for established small and medium businesses, and are excited to be taking our proprietary platform into new markets. This Series D investment is a major vote of confidence in Allica’s strategy and performance.”
Investors
LeadWarwick Capital Partners
Also participating
British Business InvestmentsAtalaya Capital Management
About Allica Bank
Key People
Richard DaviesChief Executive Officer
Ravneet ShahChief Technology Officer
Niv SubramanianDeputy Chief Executive Officer
Headquarters
London, United Kingdom
Founded
2017
Team Size
500+
Sectors
financebankingaib2bpure_software
Source: https://www.allica.bank/news-articles/allica-bank-secures-additional-55-million-funding