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AlbaCo - About the company

AlbaCo is a series A company based in Glasgow (United Kingdom), founded in 2017. It operates as a Bank providing lending and savings facilities to small and medium sized enterprises. AlbaCo has raised $7.92M in funding from Seismic Venture Partners. The company has 216 active competitors, including 15 funded and 30 that have exited. Its top competitors include companies like WuXi AppTec, Greensill and Newable.

Company Details

Bank providing lending and savings facilities to small and medium sized enterprises. It focuses on supporting small and medium-sized businesses by offering lending and savings facilities through a digitally optimized, relationship-based model. The bank aims to transform SME customer banking by combining a relationship-driven approach with technology platforms. It is dedicated to helping SMEs grow by providing specialist expertise and building lasting relationships with its customers.
Email ID
*****@albacoltd.com
Registered Address
REDWOOD HOUSE 5 REDWOOD CRESCENT,PEEL PARK,EAST KILBRIDE,SOUTH LANARKSHIRE,SCOTLAND,G74 5PA
Key Metrics
Founded Year
2017
Location
Glasgow, United Kingdom
Stage
Series A
Total Funding
$7.92M in 2 rounds
Latest Funding Round
Ranked
Employee Count
41 as on Mar 31, 2026
Investment & Acquisitions
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AlbaCo's funding and investors

AlbaCo has raised a total funding of $7.92M over 2 rounds. Its first funding round was on Feb 13, 2021. Its latest funding round was a Series A round on Jun 10, 2025 for $*****. 1 investor participated in its latest round. AlbaCo has 3 institutional investors.

Here is the list of recent funding rounds of AlbaCo:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Jun 10, 2025
6654284
Series A
3375535
9036957
4172089
5861582
Feb 13, 2021
6916474
Series A
3064865
6613484
4840092
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AlbaCo's founders and board of directors

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AlbaCo's employee count trend

AlbaCo has 41 employees as of Mar 26. Here is AlbaCo's employee count trend over the years:
Employee count trend for AlbaCo
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AlbaCo's Competitors and alternates

Top competitors of AlbaCo include WuXi AppTec, Greensill and Newable. Here is the list of Top 10 competitors of AlbaCo, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for WuXi AppTec
WuXi AppTec
2000, Shanghai (China), Public
Provider of CRO and CDMO services
$40M
79/100
2nd
Logo for Greensill
Greensill
2011, London (United Kingdom), Series E
Provider of working capital loans
$1.7B
60/100
3rd
Logo for Newable
Newable
1982, London (United Kingdom), Acquired
Provider of business loans
-
59/100
4th
Logo for Ultimate Finance
Ultimate Finance
2002, Bristol (United Kingdom), Funding Raised
Provides working capital loans for SME's
-
59/100
5th
Logo for Close Brothers
Close Brothers
1878, London (United Kingdom), Acquired
Diversified NBFI
-
-
58/100
6th
Logo for Development Bank of Wales
Development Bank of Wales
2001, Wrexham (United Kingdom), Funding Raised
Provider of equity funding and business & property development loans
-
-
56/100
7th
Logo for Noumed
Noumed
2014, Maidenhead (United Kingdom), Seed
Company specializes in manufacturing and marketing of generic pharmaceutical products
$915K
-
53/100
8th
Logo for Bibby Financial Services
Bibby Financial Services
1982, Liverpool (United Kingdom), Acquired
Provider of asset financing and leasing services
-
52/100
9th
Logo for AlbaCo
AlbaCo
2017, Glasgow (United Kingdom), Series A
Bank providing lending and savings facilities to small and medium sized enterprises
$7.92M
50/100
10th
Provider of working capital loans
-
50/100
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AlbaCo's Investments and acquisitions

AlbaCo has a total of 1 investment in Facundo. AlbaCo has not made any acquisitions as of now.

News related to AlbaCo

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Media has covered AlbaCo for a total of 5 events in the last 1 year.
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FAQs about AlbaCo

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