Allica Bank is a British challenger bank and fintech focused on transforming business banking for established small and medium-sized enterprises (SMEs) across the UK. The bank secured its UK banking licence in September 2019 and launched to market in March 2020. It combines digital convenience with a relationship-led approach to service.
The bank's product suite includes business current accounts, savings solutions, and tailored lending products such as commercial mortgages, asset finance, and growth finance - all designed for established SMEs. As of its latest reporting, Allica has lent over £3 billion to established UK businesses and raised £4 billion in deposits.
Allica Bank is headquartered in London, with additional offices in Milton Keynes and Manchester. The company operates across the UK and positions itself within the business banking and fintech verticals, with a focus on award-winning service that balances personal relationships with digital tools.
