Allica Bank Raises $155M Series D at $1.2B Valuation

Allica Bank, a digital business bank based in the United Kingdom, has successfully raised $155 million in a Series D funding round, bringing its valuation to $1.2 billion. The company focuses on serving established small and medium-sized businesses with a range of financial products.

Investors

The Series D round was supported by Ventura Capital, GLG, and Sona AM, alongside existing investors TCV and Blue Owl.

Allica Bank Use of Funds

Proceeds from this funding will be used to support continued lending growth, deepen investment in Allica Bank's proprietary technology stack including AI-enhanced SMB lending solutions, and facilitate the bank's first expansion beyond the UK. The company aims to capture 10% of the SMB finance market by 2028.

About Allica Bank

Allica Bank launched its lending services in 2020. It operates as a digital business bank providing commercial mortgages, asset finance, and bridging finance. The bank serves over 30,000 small and medium-sized businesses and recently entered the embedded finance market through the acquisition of London-based FinTech Kriya in October 2025. Its mission is to support established SMBs with advanced financial solutions.

Funding Details

Company: Allica Bank
Raised: $155M
Round: Series D
Funding Date: May 5, 2026
Lead Investor: Ventura Capital, GLG, Sona AM, TCV, Blue Owl
Software Category: FinTech, Digital Business Banking
Company Website: https://allica.bank
Source: https://fintech.global/2026/05/05/uk-fintech-funding-expected-to-grow-by-26-in-2026-due-to-increase-in-deals-over-100m/