Allica Bank Joins the Fintech Unicorn Club After $155M Series D Round

Allica Bank joins the fintech unicorn club after $155M Series D round

London-based digital challenger bank Allica Bank has officially crossed the unicorn threshold after closing a $155 million Series D funding round that valued the company at around $1.2 billion. This places the fintech among the growing list of private companies with valuations above $1 billion, alongside peers such as Revolut, Monzo, Starling and Zilch. The […] This story continues at The Next Web

Allica Bank crowned latest UK fintech unicorn after raising £115m

Allica Bank, a challenger lender that works with SMEs, has been crowned as the UK’s latest fintech unicorn after a new $155m (£114.7m) Series D round valued it at $1.2bn. First launched in its current state in 2019, London-headquartered Allica Bank currently works with more than 30,000 SMEs across the UK, representing as much as 5% of its target market, which it aims to double by 2028. Now backed by a major new capital injection, Allica said it …

Allica Bank Raises $155M Series D Round to Accelerate UK Growth and Tech Investment and Commence International Expansion

Allica Bank, the leading digital bank for small and medium businesses (SMBs), has announced a $155m Series D capital raise from Ventura Capital, GLG , Sona AM and existing investors TCV and Blue Owl. The majority of the round consists of common equity, alongside a portion of new additional Tier 1 equity capital.  Allica is the category defining digital bank for established SMBs (businesses with typically 5-250 employees), providing a full stack …

UK FinTech Allica Bank raises $155m Series D

UK-based Allica Bank raises $155m to scale SMB lending and expand overseas. Read more on its growth plans here.

Allica Bank raises £115m to become UK’s latest unicorn

Allica Bank, a digital bank serving small and medium businesses, has raised £115 million in Series D capital to become the UK’s latest unicorn. The raise comes from Ventura Capital, GLG , Sona AM and existing investors TCV and Blue Owl. The majority of the round consists of common equity, alongside a portion of new additional Tier 1 equity capital.  Allica’s core market is established SMEs – businesses with typically 5-250 employees – and provid…