When was Allica Bank founded?

Allica Bank was founded in 2019 and became a unicorn in 2026, reaching the milestone in 7 years. It raised its 1st funding round 1 year after its incorporation.

Where is Allica Bank located?

Allica Bank is headquartered in London, United Kingdom. It is registered at 4th/5th Floor 15 Worship Street, London, England, EC2A 2DT.

Which legal entities is Allica Bank associated with?

Allica Bank is associated with Allica Bank Limited and 1 other.

How many employees does Allica Bank have?

As of Jun 30, 2026, the latest employee count at Allica Bank is 906.

Is Allica Bank a funded company?

Allica Bank is a funded company, having raised a total of $503M across 6 funding rounds to date. The company's 1st funding round was a $33.6M Series A round, raised on Sep 17, 2020.

How much is Allica Bank worth?

The latest valuation of Allica Bank is $1.2B as of Feb 25, 2026.

When was the latest funding round of Allica Bank?

Allica Bank's latest funding was a $155M Series D round on Feb 24, 2026, with participation from 5 investors. Its primary sector is Banking Tech. In United Kingdom, the Banking Tech sector has seen $308M in funding in 2026 to date.

What is the annual revenue of Allica Bank?

Annual revenue of Allica Bank is between £100M and £500M as on Dec 31, 2025

Is Allica Bank a Banking Tech company?

The primary sector of Allica Bank is Banking Tech.

Where does Allica Bank rank among its competitors?

Allica Bank ranks 9th amongst 260 active competitors, of which 33 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Allica Bank, which secured $155M in Feb, 2026.

Who are the top competitors of Allica Bank?

Allica Bank's top competitors include Revolut, Monzo and Starling Bank. Among them, Allica Bank secured the most recent funding round in February, 2026.

Allica Bank - 2026 Company Profile, Team, Funding, Competitors & Financials

Sectors and market segments that Allica Bank operate in

Allica Bank serves in the FinTech market segments.The primary business model of Allica Bank is:

FinTech > Banking Tech > ***** **** > ***** ******

Company Details

Digital business bank offering current accounts, savings, lending, and financial management tools. It provides business current accounts with cash management features, savings products with competitive interest rates, and access to lending such as overdrafts and commercial loans. It combines digital banking tools with relationship-led support, including dedicated managers, to help businesses manage cash flow, payments, payroll, and financial planning. It also offers integrations and expense management features aimed at simplifying day-to-day financial operations while supporting business growth and operational efficiency.

Website: www.allica.bank/
Social
Email ID: *****@allica.bank
Phone Number: +44 **********
Registered Address: 4th/5th Floor 15 Worship Street, London, England, EC2A 2DT

Key Metrics

Founded Year

2019

Location

London, United Kingdom

Stage

Series D

Total Funding

$503M in 6 rounds

Latest Funding Round

Series D, Feb 24, 2026, $155M

Post Money Valuation

$1.2B as on Feb 25, 2026

Investors

Warwick Capital Partners & 42 more

Ranked

9^th among 260 active competitors

Annual Revenue

£100M - £500M as on Dec 31, 2025

Employee Count

906 as on Jun 30, 2026

Investment & Acquisitions

Mdh-Insurance & 7 more

Similar Companies

OakNorth Bank & 86 more

View Allica Bank's full profile

Allica Bank is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ALLICA INDIA TECHNOLOGY SERVICES PRIVATE LIMITED CIN: U62099KA2023FTC175225 , India, Active	Jun 23, 2023	₹10 - ₹50 Cr (As on Mar 31, 2025)	-
Allica Bank Limited CIN: 7706156 , Germany, Active	Jul 14, 2011	£100M - £500M (As on Dec 31, 2025)	180 (As on Dec 31, 2021)

Allica Bank has raised a total funding of $503M over 6 rounds. Its first funding round was on Sep 17, 2020. Its latest funding round was a Series D round on Feb 24, 2026 for $155M. 5 investors participated in its latest round. Allica Bank has 21 institutional investors and 22 angel investors.

Here is the list of recent funding rounds of Allica Bank:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 24, 2026	$155M	Series D	-	-	Ventura Capital, Sona Asset Management, GLG	TCV, Blue Owl
Dec 05, 2022	$123M	Series C	-	-	TCV	Warwick Capital Partners, Atalaya Capital Management
Jun 14, 2022	$36.6M	Conventional Debt	-	-	-	British Business Investments

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View details of Allica Bank's funding rounds and investors

Allica Bank's Board of Directors

Allica Bank's board has 10 active members. Richard Davies is part of team and Nivedita Subramanian, James Benjamin Heath, Patrick John Magee, Tracy Dunley-owen, Patrice Mcdonald Pryer, Paul Martin Marston, John Neil Maltby, Amitabh Ghatak and Rajan Kapoor are independent board members.

Here is the list of Allica Bank's board of directors:

Name	Type	Representing	Status	Duration
Richard Davies	Team	-	Current	5y 11m
Nivedita Subramanian	Independent board member	-	Current	1y 2m
James Benjamin Heath	Independent board member	-	Current	8y 9m
Patrick John Magee	Independent board member	-	Current	3y 3m
Tracy Dunley-owen	Independent board member	-	Current	1y 9m
Patrice Mcdonald Pryer	Independent board member	-	Current	9y 2m
Paul Martin Marston	Independent board member	-	Current	8y 0m
John Neil Maltby	Independent board member	-	Current	6y 11m
Amitabh Ghatak	Independent board member	-	Current	1y 2m
Rajan Kapoor	Independent board member	-	Current	7y 8m

Allica Bank's employee count trend

Allica Bank has 906 employees as of Jun 26. Here is Allica Bank's employee count trend over the years:

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Top competitors of Allica Bank include Revolut, Monzo and Starling Bank. Here is the list of Top 10 competitors of Allica Bank, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Revolut 2015, London (United Kingdom), Series E	Provider of banking solutions for retail customers and businesses	$1.99B	Balderton Capital, TSG Consumer Partners ... & 149 others	86/100
2nd	Monzo 2015, United Kingdom, Series I	Provider of digital banking services including savings accounts and loans	$2.41B	Passion Capital, General Catalyst & 65 others	84/100
3rd	Starling Bank 2014, London (United Kingdom), Series D	Provider of digital banking services including savings and payment accounts	$1.01B	Merian Global Investors, Goldman Sachs & 35 others	82/100
4th	Tide 2015, London (United Kingdom), Series C	Digital business banking platform	$181M	Augmentum Fintech, Apax & 45 others	80/100
5th	Atom bank 2014, Blyth (United Kingdom), Series F	Provider of digital savings accounts mortgages and commercial business loans	$852M	BBVA, Toscafund Asset Management & 18 others	80/100
6th	Jupiter 2019, Mumbai (India), Series C	Online platform offering a suite of financial services	$201M	Peak XV Partners, Z47 & 80 others	80/100
7th	Monese 2013, London (United Kingdom), Acquired	Provider of digital bank solutions for individuals and businesses	$269M	SmartCap, Seedcamp & 99 others	76/100
8th	OakNorth Bank 2015, London (United Kingdom), Series C	Digital bank empowering entrepreneurs and savers with smart tools	$962M	The Clermont, Indiabulls Housing Finance ... & 17 others	74/100
9th	Allica Bank 2019, London (United Kingdom), Series D	Digital business bank offering current accounts, savings, lending, and financial management tools	$503M	AllianceBernstein, TCV & 41 others	74/100
10th	Bunq 2012, Amsterdam (Netherlands), Series A	Provider of the digital bank for individuals and businesses	$373M	Pollen Street Group, Sanisidro & 1 others	72/100

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Allica Bank has made 6 investments in companies including Mdh-Insurance and Bpm Sfx. Allica Bank has also acquired 2 companies including Kriya and Tuscan Capital.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Feb 17, 2026	Investments	Mdh-Insurance		United Kingdom
Dec 11, 2025	Investments	Bpm Sfx	2008	Rossendale (United Kingdom)
Oct 22, 2025	Acquisition	Kriya	2011	London (United Kingdom)