The UK’s fastest growing fintech Allica Bank delivers another record year

Allica Bank’s gross new lending climbs 47% YOY to £1.3bn

Allica Bank’s gross new lending increased by 47% YOY to £1.3bn in 2024 through commercial mortgages, asset finance and growth finance.

Allica Bank profits soar as fintech chief eyes unicorn status for SME focus

The fintech has grown at an unprecedented rate since its launch in 2020 and has amassed a host of accolades for its rapid expansion - but the CEO says the 'products are not more than half done'

The UK’s fastest growing fintech Allica Bank delivers another record year

Allica Bank, the UK’s fastest growing fintch, nearly doubled its profit in the last year after another period of rapid growth. The digital bank, which caters towards small and medium-sized enterprises (SMEs), increased pre-tax profits 86 per cent to £29.9m. Lending activity grew over £1bn in 2024 and revenue shot up 68 per cent to £292.1m, compared to £173.9m in 2023. Richard Davies, Allica’s chief executive, told City AM the SME market was a “b…