Allica Bank

We’re proud to see our recent $155 million Series D funding round recognised by the Government as part of the UK’s wider fintech growth story.   Talking about the milestone, Lucy Rigby KC MP MP, Economic Secretary to HM Treasury, commented:   “The UK is a fintech powerhouse and this Government is doubling down on measures that will enable the sector to grow. This government is helping to unlock investment into firms like Allica, supporting better finance for innovative British businesses, and showcasing UK financial services on the global stage.”   Minister for Investment Lord Jason Stockwood said:   “The UK’s fintech sector is world leading, and this latest investment has put Allica’s valuation at $1.2 billion, making it one of the most important unicorn startups in Britain in the last decade.   “With financial services identified as a key sector in our Modern Industrial Strategy, we’re providing businesses the stability they need to attract more investment, helping to deliver vital finance to SMEs across the country."   Samantha Niblett MP, Chair of the All-Party Parliamentary Group on FinTech, said:   “Congratulations to Allica on securing this major investment from investors including Ventura Capital - a testament to the strength and ambition of the UK’s fintech ecosystem. This investment, sparked through connections made at the Department for Business & Trade’s Global Fintech Forum, shows what’s possible when government, industry and investors work together to champion British innovation and drive capital into fintechs serving UK businesses.”   Katie Ramsey, Head of the Global Venture Capital Unit in the Office for Investment and former Head of Fintech at the Department for Business and Trade, added:   “It has been fantastic to support Allica on their journey to fintech unicorn and their latest raise, led by Ventura Capital - a connection Ventura and Allica first made at our DBT Global Fintech Forum last year - is an endorsement of U.K. innovation. It will be exciting to see Allica’s growth internationally and what further exceptional British tech companies Ventura Capital invest in next!”

Allica has today announced that it has completed a $155 million Series D funding round 🎉 The round values Allica at close to $1.2 billion. We're delighted to welcome Ventura Capital, GLG and Sona Asset Management as new investors, and are also grateful to our existing investors TCV and Blue Owl Capital for their further backing. This investment comes at an important time for Allica as we scale, helping us to: 🇬🇧 accelerate our mission to give established British businesses the banking they deserve and to reach a 10% share of the established SME market by 2028. 🤖 invest deeper in our proprietary technology to create a business bank that is more helpful, more integrated and more powerful than ever before. 🌍 take our first steps outside of the UK. This milestone reflects the brilliant work of the Allica team and the momentum we’ve built together, with: - over 30,000 established businesses across the UK now working with us.      - nearly £4 billion lent to support their growth.    - an ‘Excellent’ rating on Trustpilot. More than that, though, it’s a vote of confidence in our vision: to transform how established businesses do finance.

Accountants are feeling optimistic about 2026 for their clients - but are worried about what support they'll be getting from banks. Our latest accountant survey* showed a clear gap between ambition and reality: • 83% expect their SME clients to grow in 2026 • Just 3% believe banks provide sufficient support for business growth • 48% say SMEs need more support from their bank • 76% say a dedicated relationship manager matters most to their clients The message is hard to ignore: established businesses are planning, investing and looking ahead, but too many are doing it without the specialist bank support that growth needs.   This year, accountants are looking for stronger cashflow support, clearer access to funding, and more human, relationship-led banking. Growth is on the agenda - but banks need to step up if businesses are going to achieve it.   Read more from our survey: https://lnkd.in/e47XM4j4 *Survey of 221 of accountants (H2 2025)

This is happening… 😳 apparently I’m going to the Sahara Bridging & Commercial have shared the story today 👇 https://lnkd.in/ekkgmMwX My favourite line from the piece (because it sums me up perfectly): “The Sahara is big, Exmoor is long, Ben Nevis is high, and running isn't my bag. So there's a lot going against me.” Accurate. Deeply accurate. For context: I’ve just bought my first proper sleeping bag. The last one I owned was for Cubs. Why am I doing this? Because I’ve had my own battles with mental health. Because I know what “just get on with it” really feels like. And because #ANDYSMANCLUB gives men a space to talk when they otherwise wouldn’t. This matters. If you can spare a few quid to support the cause, I’d be hugely grateful. Donation link in the comments 👇 And if you’ve ever done something wildly outside your comfort zone… I’d love to hear what it was. I need some inspiration! #ANDYSMANCLUB #ManVsMiles #MensMentalHealth #CantStopWontStop Allica Bank JMW Solicitors LLP VAS

From school corridors to a growing national insurance broker. 🎓📈 Bedford-based M&DH Insurance Services Ltd is expanding its headquarters – in founder Richard Hames’ old school building – with support from Allica Bank. Founded 2002, M&DH now manages more than 12,000 policies for over 4,500 clients and is ranked among the UK’s Top 100 independent insurance brokers. The business employs over 75 local people, supported by its in-house training academy. Thanks to investment from Allica, M&DH is set for its next chapter of growth. The finance will help the team: 👉 Expand into the old school gym as part of their HQ growth 👉 Create new roles in Bedford 👉 Invest further in technology and the in-house M&DH Academy Launched in 2015, the M&DH Academy gives people new to insurance structured training and clear career paths. Today, more than 60% of the team – including directors – came through the academy. Deeply rooted in Bedford, M&DH also supports grassroots football, local schools and food banks. Richard Hames, said: “Coming back to my old school and building a growing business here feels incredibly special. The funding from Allica Bank allows us to invest in our space, our systems and, most importantly, our people - so we can keep growing in Bedford while delivering the high level of service our clients rely on.” M&DH’s Allica Bank Relationship Manager, Wahid Nawaz, added: “M&DH is a standout example of a growth-focused business with strong local roots. As they expand nationally while staying true to Bedford, their commitment to developing people is clear - and it’s exactly the kind of ambition we’re proud to support. "Having grown up locally myself, it’s especially rewarding to work with Richard and the team and see first-hand just how passionate they are about our community.” Banking built around relationships. Just like it should be. #businessbanking #relationshipbanking #bedford #insurance #brokers #establishedbusinesses

Now that everyone’s legs have recovered, we can look back on the amazing 18-mile walk taken on by Allicans and some of our brilliant partners to support families affected by baby loss. Thanks to everyone’s generosity, we didn’t just hit our £7,000 target – we passed it, raising more than £8,000 for Sands - baby loss charity and the vital work they do to support families and pay for life‑saving research. Well done to the whole team, and a huge thank you to everyone who supported us. If you’d still like to donate, you can do so here 👉 https://lnkd.in/eKRNnSpu #sponsoredwalk #fundraising #sands #babyloss

£4.6 million share-purchase acquisition funded at 90% of the purchase price 🔑   We were pleased to work with Westdown Private Finance to support their client with a £4.6 million loan to acquire 21 units within a completed development in Middlesex, structured as a share purchase.   The deal gave an experienced developer the chance to buy the remaining units in a fully sold block, all purchased together at a discounted, below-market value. We took a pragmatic view on both the structure and the security, agreeing funding at 75% loan to value and 90% of the purchase price.   Midway through the process, a change of lawyers added further complexity. Both teams moved quickly to keep things moving, delivering the speed and flexibility needed to complete efficiently, with a clear route to refinance onto cheaper, longer-term debt.   Steven Boyde, Associate Director at Westdown Private Finance said: “It wasn’t the easiest deal, and it didn’t fit most bridging lenders’ criteria. Allica made a credit decision early on that it was one for them and made sure that all hurdles were jumped over as we completed the deal in good time. Special mention to Hannah Cooper who was the underwriter on the case. Extremely diligent, helpful and contactable throughout.”   Stephen Palfreeman, Head of Sales, Bridging Finance at Allica Bank added: “It was great to complete our first deal with Westdown Private Finance. The case was professionally packaged and although some issues came up, the broker was pragmatic and able to work with us to get the deal completed.”   #bridgingfinance #brokers #businessbanking

🌧️ The British weather didn’t get the memo… Hear from Adam Preston on why 25 Allicans, and some of our brilliant partners, are out in London right now taking on 18 miles (and the rain) for Sands - baby loss charity, our charity partner. Every step is for families affected by baby loss and for the vital research Sands funds to help prevent it in future. If you would like to give the team a boost, you can still donate here: 👉 https://lnkd.in/eKRNnSpu Thank you for backing this incredible cause. 🧡 #sponsoredwalk #community #fundraising #sands #babyloss