September 29, 2022
Allica Bank digital banking services provider London

Allica Bank Limited is a FinTech company that functions via its Digital Banking Platform (DBP) as well as a network of regional banking institutions, being able to offer branchless banking services to organizations and customers. 

Company Overview: 

  • Allica Bank was founded in the year 2017.
  • Headquartered in London, England, United Kingdom.
  • Founder:
    • Jason Scott;
  • Team:
    • Richard Davies, who is the company’s Chief Executive Officer (CEO);
    • James Heath, who is the company’s Chief Financial Officer;
    • Toby Mason, who is the company’s Chief Operating Officer;
    • Ravneet Shah, who is the company’s Chief Technical Officer;
    • Conrad Ford, who is the company’s Chief Product and Strategy Officer;
    • Neil Sculley, who is the company’s Chief Risk Officer;
  • The number of employees working at the firm is over 250.
  • The firm has had five fundraising rounds, where it managed to raise a sum total of around 221 Million Pound Sterling (GBP).

Company Expertise:

  • Small and Medium Enterprises (SME) Banking,
  • Business Mortgages,
  • Business Loans,
  • Business Banking,
  • Asset Financing,
  • Savings.

Fundraising Rounds and Investors:

  • In the month of September, 2020, the company had its Series A round of funding, where it raised around 26 Million Pound Sterling (GBP). The investor of this round was:
  • In the month of November, 2021, the company had its Series B round of funding, where it raised around 110 Million Pound Sterling (GBP). The investors of this round were:
    • London-based investment management firm, Warwick Capital Partners LLP;
    • New York-based investment management company, Atalaya Capital Management LP;
  • In the month of November, 2021, the company raised Debt which amounted to around 7.5 Million Pound Sterling (GBP). The investors of this round were:
    • London-based investment management firm, Warwick Capital Partners LLP;
    • New York-based investment management company, Atalaya Capital Management LP;
  • In the month of June, 2022, the company had its Late VC funding round, where it raised around 25 Million Pound Sterling (GBP). The investors of this round were:
    • London-based investment management firm, Warwick Capital Partners LLP;
    • New York-based investment management company, Atalaya Capital Management LP;
  • In the month of June, 2022, the company raised Debt which amounted to around 30 Million Pound Sterling (GBP). The investor of this round was:
    • Sheffield-based investment management firm, British Business Investments;

Small and Medium-sized Enterprises (SMEs) are a major focus for Allica Bank, which is committed to helping, enabling, and assisting them. The company provides professional banking services for enterprises in the United Kingdom (UK) by integrating cutting-edge and potent technology with the community. 

Also, Read about PADDLE’s Fintech Journey of success London

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