Allica Bank

Allica Bank is a British challenger bank founded in 2019 that focuses exclusively on business banking for established small and medium-sized enterprises in the UK. It secured a UK banking licence in September 2019 and launched to market in March 2020. The bank targets established SMEs that it considers underserved by both traditional high street banks and newer fintechs.

Its product range covers business current accounts, business savings, and a set of tailored lending lines: commercial mortgages, asset finance and growth finance. Since launch the bank has lent over £3 billion to established UK businesses and raised £4 billion in deposits. It has been ranked the UK's fastest-growing private company.

Technical work spans a digital banking platform, savings and deposit systems, and lending and credit technology. The bank combines digital delivery with a relationship-led model, employing dedicated relationship managers positioned across the country. It operates offices in London, Milton Keynes and Manchester, alongside a nationwide customer-facing presence.

Allica Bank describes its customer focus as delivering competitive rates and a deep understanding of the challenges facing growing businesses, and reports award-winning service.