Tagged: allica

December 19, 2023 @ 11:44 pm By Omar Faridi  |  

Allica Bank – the fintech challenger bank specifically focused on serving established businesses with 10-250 employees – now reportedly has 2,000 business current account customers after launching earlier this year. Compared to the millions of UK microbusinesses, the established SME segment that Allica is dedicated… Read More

October 24, 2023 @ 7:34 am By Omar Faridi  |  

Allica Bank claims that it is “exposing” a “hidden” £7.5 billion a year savings penalty on the country’s hard-pressed SMEs – and is calling “on the wider banking industry to give SMEs a better deal.” While the cost-of-living crisis has led to significant pressure on… Read More

June 13, 2023 @ 8:50 am By Omar Faridi  |  

Allica Bank claims it is one of the fastest UK fintechs to hit profitability – “becoming monthly profitable in June 2022, less than three years after securing a banking licence – and achieving a £3m pre-tax profit in the second half of the year.” Allica… Read More

May 4, 2023 @ 8:22 am By Omar Faridi  |  

Allica Bank claims it is one of the “fastest” UK Fintechs to hit profitability – “becoming monthly profitable in June 2022, less than three years after securing a banking license – and achieving a £3m pre-tax profit in the second half of the year.” Allica… Read More