Allica Bank

Allica Bank, a digital banking platform focused on established small and medium-sized enterprises (SMEs), has successfully raised £115 million in a Series D funding round, achieving unicorn status with a valuation approaching $1.2 billion. This capital injection will fuel its continued growth in the UK, deepen investment in its proprietary technology, including AI, and support its planned international expansion.

Summary of transaction details:

• Value: £115 million
• Sector: FinTech, Digital Banking
• Advisor: Not specified
• Key Entities: Allica Bank (Target), Ventura Capital, GLG, Sona AM, TCV, Blue Owl (Investors)
• Location: UK (Target HQ/primary market), International Expansion planned

Note: This funding round highlights significant investor confidence in Allica Bank's strategy to serve the underserved established SME market, leveraging technology and AI to drive both domestic and international growth.