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Allica Bank: Secures additional £55m for future growth

Allica Bank: Secures additional £55m for future growth

  • Allica Bank is dedicated to serving and supporting small and medium businesses and empowering them to succeed
  • Announced it has secured £55m in additional funding as it continues to make significant gains in the SME banking market
  • The latest funding builds on the successful £110 million Series B funding round in November 2021
  • The additional funding will be used to fuel continued growth and comes shortly after the bank announced 
  • Grew its SME lending to over £560 million more than 12 times higher compared to the end of 2020
  • British Business Investments aims to increase the supply and diversity of finance for smaller businesses across the UK
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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