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:
- London-based investment management firm, Warwick Capital Partners LLP;
- 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
