Allica Bank Secures $155M Series D Funding
Analysis based on 9 articles · First reported Feb 25, 2026 · Last updated Feb 26, 2026
The successful Series D funding round for Allica Bank, valuing it at nearly $1.2 billion, signals strong investor confidence in the fintech sector and digital banking solutions for SMBs. This event is expected to increase competition in the financial services industry, particularly for traditional banks serving small and medium-sized businesses, and could drive further innovation in AI-powered lending.
Allica Bank, a British digital bank focused on small and medium-sized enterprises (SMEs), has completed a Series D funding round of $155 million, achieving a valuation of just under $1.2 billion. The funding was led by Ventura Capital, GLG Partners, and Sona Asset Management, with participation from existing investors TCV and Blue Owl Capital. This investment positions Allica Bank as Europe's newest unicorn and will be used to accelerate credit growth, deepen investments in its proprietary technology stack, including AI, and facilitate its expansion into international markets. Allica Bank currently serves over 30,000 established SMEs in the United Kingdom and aims to reach 10% market penetration by 2028. The UK government, through Lucy Rigby, Economic Secretary to the Treasury, has expressed support for such fintech growth.
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