Tagged: allica bank

Allica Bank Aims for £500M of Committed Loan Offers between Sept and Year-End

Allica Bank – the bank built specifically to serve the needs of “established” SMEs – is aiming to make £500 million in committed loan offers “between September and the end of the year, as it continues to ramp up its support for UK SMEs facing… Read More

Allica Bank Acquires Over £1B in Deposits from Businesses, Individual Savers

Allica Bank has reportedly secured more than £1 billion in total deposits from businesses as well as individual savers. The key milestone comes after Allica Bank had preformed considerable work to further diversify its deposit-acquring channels. Along with introducing its range of personal and business… Read More

Fintech Savings App Chip Makes Changes to Membership Plans, Gets Ready to Introduce Simple Fee Structure

Chip, the savings app that aims to bring consumers the best rates while automatically building up their savings, has made changes to its membership plans as it focuses on making more of the app free and gets ready to launch a simplified fee structure. Chip,… Read More

AIB to Sell UK Small Business Loan Book to London’s Fintech Challenger Allica Bank

AIB revealed on Tuesday (November 23, 2021) that it has decided to sell its British small business loan book to London-headquartered Fintech challenger Allica Bank. But the £600 million (appr. €715 million) size of the portfolio is considerably smaller than the recently reported £1 billion… Read More

Challenger Allica Bank Looks to Raise £100 Million Following £26 Million Funding led by Warwick Capital Partners

Newly minted SME focused bank, Allica Bank, has closed on a £26 million funding round led by Warwick Capital Partners – the majority shareholder in the firm. This announcement included the news that Allica intends on raising a further £100 million to pursue its vision… Read More

New Challenger Bank Allica Bank Selects Richard Cameron as Head of Asset Finance 

Challenger bank Allica Bank has announced the appointment of Richard Cameron as Head of Asset Finance. Allica Bank seeks to support SMEs. Starting with commercial mortgages, the company’s goal is to provide a full suite of banking services for the underserved SME community. Allica received… Read More

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