About Allica Bank

Giving established businesses the banking they deserve.

Our purpose

Allica is a bank built especially for established businesses with between 5 and 250 employees.

These businesses make up a third of UK employment and turnover, yet the service they get from the big banks is increasingly impersonal, inconvenient, and poor value. We don’t think that’s right.

Allica Bank is on a mission to give established businesses the no-nonsense banking they deserve. That means a current account with no monthly fees, a relationship manager whose name and number they actually know, and technology that makes life easier, not harder.

It's business banking how it used to be, just better.

Our purpose

Allica is a bank built especially for established businesses with between 5 and 250 employees.

These businesses make up a third of UK employment and turnover, yet the service they get from the big banks is increasingly impersonal, inconvenient, and poor value. We don’t think that’s right.

It's business banking how it used to be, just better.

Some of our awards

NACFB Commercial Lender Awards 2023 - Winner - Business Bank of the Year

BBA_Winner_BrightGreen_300dpi_Best_business_finance_provider

2023 was an incredible year for Allica, particularly the rollout of our business current account, which had 2,000 customers by the end of the year. It’s a huge milestone towards giving established businesses the full-service banking they deserve.

Watch our transformational year of growth

Who we are

Allica Bank was granted its UK banking licence in September 2019, and we've grown quickly since then.

There have been several major milestones along the way, including getting the backing of TCV (who have previously backed Netflix, Airbnb and Spotify), passing the landmark figure of £2 billion in lending to UK businesses and becoming profitable within three years.

In everything we do, we live and breathe our four core values of collaboration, integrity, delivery and being straightforward.

A fully-licensed bank

We're fully authorised by the UK Prudential Regulatory Authority (PRA), meaning eligible deposits up to £85,000 are protected.

Covering the UK

We have offices in Milton Keynes, Manchester and London, and relationship managers up and down the country.

We've grown fast

With a diverse range of skills and backgrounds, our colleagues number more than 500 people.

Making a difference

We’ve loaned more than £2 billion to UK businesses and become profitable in our first four years.

Careers at Allica Bank

It's exciting being in at the start of something new, where fresh ideas for doing things differently are welcome.

At Allica Bank, you'll have the opportunity to be a part of the UK's fastest growing fintech ever.

You’ll help support British SMEs by providing a unique customer experience, bringing together best-in-class technology and real human expertise. Come and help us build the future of banking for established businesses!

Careers

Careers at Allica Bank

It's exciting being in at the start of something new, where fresh ideas for doing things differently are welcome.

At Allica Bank, you'll have the opportunity to be a part of the UK's fastest growing fintech ever.

Careers

Focused growth

2023 was a landmark year for Allica. We launched our business current account, surpassed £2 billion in lending to UK businesses and achieved this profitably.

Download 2023 Annual Report

allica-bank_annual-report_2023_front-cover

Focused growth

2023 was a landmark year for Allica. We launched our business current account, surpassed £2 billion in lending to UK businesses and achieved this profitably.

Download 2023 Annual Report

Meet our leadership team

Allica Bank's leadership team all have extensive experience working at traditional and digital banks. Some have even been small business owners themselves.

Our leadership team