Allica Bank – the fintech challenger bank specifically focused on established businesses with over ten employees – has revealed it has completed more than £2 billion in lending to UK businesses, with 80% of that being to businesses outside of London. Allica bank, which made… Read More
Read more in: Fintech, Global | Tagged allica bank, banking, digital bank, europe, lending, milestone, richard davies, uk, united kingdom
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
Read more in: Fintech, Global | Tagged allica, allica bank, banking, digital financial services, europe, financial services, fintech adoption, fintech trends, john maltby, milestone, patrick magee, profitability, richard davies, uk, united kingdom, update
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
Read more in: Fintech, Global | Tagged allica, allica bank, banking, europe, financial results, financial services, patrick magee, profitability, progress report, richard davies, uk, united kingdom
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
Read more in: Fintech, Global | Tagged allica bank, digital financial services, europe, financial services, richard davies, uk, united kingdom
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
Read more in: Fintech, Global | Tagged allica bank, britain, colin hunt, europe, loan book, london, richard davies, small businesses, smbs, sme's, uk, united kingdom, 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
Read more in: Fintech, Global | Tagged allica bank, banking, richard davies, uk, united kingdom
The Baltic region’s finance industry has been struggling and some of the area’s countries including Estonia, Latvia, and Lithuania have reportedly been indirectly involved in money-laundering scandals that were allegedly orchestrated by large Nordic banks. However, Lithuania’s capital has been able to develop its local… Read More
Read more in: Fintech, General News, Politics, Legal & Regulation | Tagged baltic region, bank of lithuania, EU, european union, lithuania, marius jurgilas, richard davies, uk, united kingdom
According to multiple reports, HSBC is committing £10 billion in lending to UK SMEs. This announcement comes on the heels of a notice that HSBC has introduced its virtual platform that cuts business loan application and approval times – in half. Richard Davies, COO of… Read More
Read more in: Global, Investment Platforms and Marketplaces | Tagged hsbc, kevin caley, marketplace, p2p, richard davies, thincats, uk, united kingdom
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