Allica Bank secures EUR 130.2 mln in Series B funding

Friday 26 November 2021 10:40 CET | News

Allica Bank, a fintech SME challenger bank, has raised EUR 130.2 million in its Series B round of funding.

The current round was led by Atalaya Capital Management alongside existing lead investor Warwick Capital Partners.

The fundraise follows Allica Bank’s recent acquisition of a EUR 710.5 million SME lending portfolio and 2,000 SME customers from AIB Group, which has decided to withdraw from the UK SME market.

The expansion of Allica’s proposition and direct lending offer will leverage the bank’s distinctive network of local relationship managers and expanding product suite, including the launch of its new Business Rewards Account in early 2022.

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Keywords: banks, funding, SMEs, fintech
Categories: Banking & Fintech | Payments General
Countries: United Kingdom
This article is part of category

Banking & Fintech