Allica Bank launches £100mn fundraise  

September 17, 2020 | FinTech

Written by FinTech Alliance

Allica Bank launches £100mn fundraise  

Allica Bank has launched a £100mn fundraise to build “the leading SME challenger bank”.  

In Brief:  

  • This follows £26mn funding from existing investors.  

  • The follow-on investment was led by Warwick Capital Partners.  

  • Allica received full UK banking authorisation at the end of last year.  

What does this mean?  

The fundraise has been announced due to increasing demand for support for SMEs. Allica Bank says it has received over $1bn of enquiries from businesses since the Covid-19 pandemic.  

Read more here.  

  

More in FinTech

Founder Tom Blomfield departs Monzo  
FinTech
January 22, 2021

Founder Tom Blomfield departs Monzo  

Tom Blomfield, who founded Monzo in 2015, has departed the company.   In Brief: &n...

Why Singapore is the Emerging Powerhouse of FinTech

Posted By The Community

FinTech
January 22, 2021

Why Singapore is the Emerging Powerhouse of FinTech

Storm2 is a specialist FinTech recruitment agency and have just launched their second office in the....

Written By: Storm2

Ask a FinTech: how do you maintain a human touch without a physical presence?     
FinTech
January 22, 2021

Ask a FinTech: how do you maintain a human touch without a physical presence?     

Even though it’s been spurred on by Covid-19, digital adoption is here to stay and businesses....

FinTech
September 02, 2020

How we use Cledara at Railsbank

Railsbank, one of Europe's fastest growing fintech startups, talks about how they use Cledara, how i...

FinTech
July 29, 2020

Unleashing the potential of FinTech in banking

The FinTech industry attracted over US$13.1b in VC-backed investments in 2016, about five times...

FinTech
May 27, 2020

West Midlands FinTech Ecosystem Report 2020

This report focuses primarily on the activity in the geographical area covered by the West Midlands...

FinTech North Virtual Leeds Conference

FinTech North Virtual Leeds Conference

When: Feb 25th, 2021
Where: Online, .
Price: FREE
MIT Sloan FinTech Conference 2021

MIT Sloan FinTech Conference 2021

When: Mar 05th, 2021
Where: Online event, London
Price: £15
IFINTEC - Finance Technologies Conference and Exhibition

IFINTEC - Finance Technologies Conference and Exhibition

When: Mar 09th - Mar 10th, 2021
Where: Istanbul, Turkey
Price: £650