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.
- Website
- www.albacoltd.co.uk/
- 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
Investors
Ranked
9th among 216 active competitors
Employee Count
41 as on Mar 31, 2026
Investment & Acquisitions
Legal entities associated with AlbaCo
AlbaCo is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ALBA BANK LIMITED CIN: SC586124 , United Kingdom, Active | Jan 17, 2018 | - | 25 (As on Feb 29, 2024) |
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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 |
View details of AlbaCo's funding rounds and investors
AlbaCo's founders and board of directors
Founder? Claim ProfileAlbaCo's employee count trend
AlbaCo has 41 employees as of Mar 26. Here is AlbaCo's employee count trend over the years:
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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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | WuXi AppTec 2000, Shanghai (China), Public | Provider of CRO and CDMO services | $40M | 79/100 | |
2nd | Greensill 2011, London (United Kingdom), Series E | Provider of working capital loans | $1.7B | 60/100 | |
3rd | Newable 1982, London (United Kingdom), Acquired | Provider of business loans | - | 59/100 | |
4th | Ultimate Finance 2002, Bristol (United Kingdom), Funding Raised | Provides working capital loans for SME's | - | 59/100 | |
5th | Close Brothers 1878, London (United Kingdom), Acquired | Diversified NBFI | - | - | 58/100 |
6th | Development Bank of Wales 2001, Wrexham (United Kingdom), Funding Raised | Provider of equity funding and business & property development loans | - | - | 56/100 |
7th | Noumed 2014, Maidenhead (United Kingdom), Seed | Company specializes in manufacturing and marketing of generic pharmaceutical products | $915K | - | 53/100 |
8th | Bibby Financial Services 1982, Liverpool (United Kingdom), Acquired | Provider of asset financing and leasing services | - | 52/100 | |
9th | AlbaCo 2017, Glasgow (United Kingdom), Series A | Bank providing lending and savings facilities to small and medium sized enterprises | $7.92M | 50/100 | |
10th | Distribution Finance Capital 2019, London (United Kingdom), Public | Provider of working capital loans | - | 50/100 |
Looking for more details on AlbaCo's competitors? Click here to see the top ones
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
Media has covered AlbaCo for a total of 5 events in the last 1 year.
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•
Caledonian plans fundraise for AlbaCo investment after banking license securedSatsuma Technology•Aug 28, 2025•AlbaCo, Caledonian Holdings PLC
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McColl’s SME bank AlbaCo raises investmentDaily Business•Jun 11, 2025•AlbaCo, Caledonian Holdings PLC
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Caledonian Holdings Invests GBP1 Million in AlbaCoMorningstar•Jun 10, 2025•AlbaCo, Caledonian Holdings PLC
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Scots Fintech Alba Appoints Experienced ChairDigit•Oct 18, 2022•AlbaCo, Standard Life, Standard Life
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Alba bank targets private investors in £5m cash callDaily Business•Feb 13, 2021•AlbaCo, Seismic Venture Partners
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Scottish challenger bank Alba picks Temenos for launchVerdict•Sep 12, 2019•AlbaCo, Temenos, AlbaCo, Grasshopper Bank and 4 others
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