SHORTList
Allica Bank logo
Fintech/Payments

Allica Bank

Banking services for SMEs in the UK

London Office· 12 rolesMilton Keynes Office· 11 rolesUK· 6 roles · Remote

CORE INFO

$155M
Total Funding
Series D+
Round
2019
Founded
700+
Team Size
London, United Kingdom
Headquarters

Allica Bank is a UK-based financial institution that provides specialized banking services for established small and medium-sized enterprises (SMEs), focusing on business growth and cash flow management through tailored financial products.

  • Allica Bank raised $155 million in a Series D funding round led by Ventura Capital, reaching a valuation of approximately $1.2 billion.fintech.global
  • The bank has lent over £3 billion to UK businesses, supporting their growth and financial stability.allica.bank
  • Allica Bank serves over 30,000 established business customers across the UK, demonstrating its significant market presence.allica.bank
  • Financial Times reported on Allica Bank's $155 million Series D round, highlighting plans for international expansion.ft.com

WHY WE WOULD WORK AT ALLICA BANK

Transform Business Banking

Join a mission to revolutionize banking for SMEs, providing tailored solutions that empower over 30,000 businesses across the UK.

Rapid Growth Opportunities

Be part of a fast-growing fintech, having secured over £3 billion in lending and aiming for a 10% market share by 2028.

Collaborative Culture

Work in a dynamic environment with over 700 passionate professionals, emphasizing collaboration, integrity, and ownership.

Innovative Technology Stack

Utilize cutting-edge technologies like Azure and Kotlin to develop advanced banking solutions that streamline financial operations.

Competitive Compensation

Enjoy attractive compensation packages, including performance bonuses, as Allica Bank continues to achieve profitability and growth.

Recognized Excellence

Join an award-winning team recognized as the fastest-growing fintech in Deloitte's UK Technology Fast 50 and The Sunday Times 100.

MARKET AND TRACTION

KEY METRICS

✦ KEY METRIC
  • Over £3 billion lent to established UK businesses.

  • Over £4 billion deposited in savings accounts.

  • Over 30,000 established business customers as of February 2026.

  • Achieved first full-year profit in 2023.

  • Projected annual revenue of £292.1 million in 2024.

    • GROWTH TACTICS

  • Focus on providing tailored banking services specifically for established SMEs in the UK.

  • Utilization of innovative money management tools to enhance customer experience and streamline financial operations.

  • Strategic funding rounds to support product development and market expansion, including a recent $155 million Series D round.

    • TOTAL ADDRESSABLE MARKET

  • Allica Bank targets the small and medium-sized enterprises (SMEs) sector in the UK, which comprises a significant portion of the UK economy.

  • The bank aims to capture a 10% market share of the UK SME banking sector by 2028, indicating a strong growth potential in this market.

    • COMPETITIVE ADVANTAGE

  • Combines fintech expertise with a commitment to customer service, differentiating itself from traditional banks.

  • Offers a dedicated relationship management approach, ensuring personalized service for business customers.

  • Provides integrated savings pots and competitive interest rates, enhancing the value proposition for SMEs.

    • MARKET POSITION

  • Positioned as a leading challenger bank in the UK, focusing exclusively on established SMEs.

  • Recognized as Britain's fastest-growing private company in 2024 by The Sunday Times 100.

  • Acknowledged as the fastest-growing fintech in Deloitte's UK Technology Fast 50 awards, highlighting its rapid growth and innovation.

    • PRODUCT AND TECH

    Business Current Account

    Allica Bank offers a Business Rewards Account that includes integrated savings pots, competitive interest rates, and cashback on card spending, all supported by a dedicated UK-based relationship manager to enhance customer experience.

    Business Borrowing Solutions

    The bank provides various borrowing options such as commercial mortgages, asset finance, growth finance, business overdrafts, and invoice finance, aimed at supporting SMEs in managing cash flow and fostering growth.

    Money Management Tools

    Allica Bank features innovative money management tools including team expense cards and multi-director access, along with accounting software integrations to streamline financial operations for businesses.

    Microservices Architecture

    Utilizing an event-driven microservices architecture on Microsoft Azure, Allica Bank enhances its application development and integration capabilities, allowing for scalable and efficient banking solutions.

    Data-Driven Insights

    The bank leverages Azure's suite of tools and machine learning models to empower data-driven decision-making, enabling SMEs to gain valuable insights into their financial health and operational efficiency.

    COMPANY CULTURE

    Values

  • Collaboration is key to our success.

  • We prioritize integrity in all our dealings.

  • Speed is essential in our decision-making processes.

  • We take ownership of our responsibilities.

  • Leadership is encouraged at all levels.

    • Operating Principles

  • Customer-centric approach drives our services.

  • Innovation is at the heart of our product development.

  • We leverage fintech expertise to enhance banking experiences.

  • A dedicated relationship management approach supports our clients.

  • Continuous improvement is part of our culture.

    • Benefits

  • Competitive salaries and performance bonuses.

  • Opportunities for professional development and training.

  • Flexible working arrangements to promote work-life balance.

  • Health and wellness programs to support employee well-being.

  • A collaborative and inclusive work environment.

    • Learning & Growth

  • Regular training sessions and workshops for skill enhancement.

  • Mentorship programs to foster leadership development.

  • Encouragement of innovative thinking and problem-solving.

  • Access to resources for continuous learning in fintech.

  • Opportunities to work on diverse projects across teams.

    • Team Cadence

  • Regular team meetings to align on goals and progress.

  • Open communication channels for feedback and ideas.

  • Agile methodologies to adapt quickly to changes.

  • Monthly all-hands meetings to celebrate achievements.

  • Team-building activities to strengthen relationships.

    • HIRING SIGNAL

    40
    Open roles on their careers page
    Snapshot via live ATS poll
    —
    Net new roles in the last 90 days
    Available once weekly history accrues
    90-Day VelocityV2 · BACKFILL
    Trend builds weekly as historical rows accrue
    By Function
    Breakdown of open roles
    Data · 3
    GTM · 7
    Design · 1
    G&A · 8
    Product · 1
    Support · 1
    Marketing · 2
    Operations · 13
    Engineering · 4
    Top Locations
    Where hiring is concentrated
    Remote-eligible postings counted separately
    London Office
    12
    Milton Keynes Office
    11
    Remote, UK
    6
    Manchester Office
    4
    Delhi
    2
    Karnataka
    2
    London
    1
    Glasgow
    1
    SourcesGreenhouseLeverAshbyWorkableSmartRecruitersRipplingRecruiteeFallback · Wellfound, YC Work-at-a-Startup, careers-page scrape

    KEY COMPANY ANNOUNCEMENTS

    Filter
    14 announcements · ranked by importance
    Feb 1, 2026FUNDINGAllica Bank becomes Europe’s newest unicorn with $155m Series D | Siftedsifted.eu
    Dec 5, 2022FUNDINGAllica Bank raises £100m Series C in funding round led by TCV, the backers of Netflix, Nubank and Revolutallica.bank
    Nov 1, 2021FUNDINGAllica Bank signs £110m Series B funding roundallica.bank
    Jun 1, 2022FUNDINGAllica Bank secures additional £55m for future growthallica.bank
    Nov 23, 2021MILESTONEAllica Bank acquires £0.6 billion SME lending portfolio from AIBallica.bank
    Aug 29, 2024MILESTONEAllica Bank enters bridging market with Tuscan acquisitionallica.bank
    Mar 17, 2022MILESTONEAllica Bank raises over £1 billion of depositsallica.bank
    Apr 1, 2025ESSAYRebooting SME Finance to Unlock Growthallica.bank
    May 4, 2023INTERVIEWAllica Bank's Richard Davies on navigating crises and plans for business banking dominationcityam.com
    Apr 30, 2026PRESSScaling AI at Allicaallica.bank
    Aug 18, 2026PRESSScaling AI at Allica: Part IIa – ProdEng Metrics Updateallica.bank
    Jan 1, 2024AWARDAllica Bank | UK Technology Fast 50 | Deloitte UKdeloitte.co.uk
    Jan 1, 2023PRESSOur Leadership Team | Expert SME Banking | Allica Bankallica.bank
    May 3, 2023EXEC HIREAllica Bank reports landmark year of progress in 2022allica.bank