Startups

Digital lending platform for UK SMEs.

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Summary

Seedtable Score

Score icon 60

Locations

Company Size

  • 251 to 500

Last Stage Round

Insights

Allica Bank has potential in the UK market through its digital platform, providing faster and more efficient lending to SMEs. Traditional banks often have lengthy loan approval processes, while Allica Bank's tech-driven approach offers quicker, streamlined funding. This speed gives a competitive edge in a market where slower funding delays business opportunities. By targeting the SME sector, Allica Bank addresses a critical gap, offering tailored services that can foster stronger client relationships and drive growth. With backing from investors like Atalaya Capital and Warwick Capital, Allica Bank is positioned to disrupt the traditional banking model and capture significant market share in SME lending.

Total Funding
$283M

Investors