About Allica Bank
Allica Bank is a company based in London (United Kingdom) founded in 2017 by Jason Scott.. Allica Bank has raised $334.21 million across 5 funding rounds from investors including TCV, Warwick Capital Partners and Blue Owl Capital. Allica Bank has completed 2 acquisitions, including Kriya and Tuscan Capital. Allica Bank offers products and services including Business Bank Account, Savings Accounts, Commercial Mortgages, Asset Finance, and Growth Finance. Allica Bank operates in a competitive market with competitors including Starling Bank, Monzo, Atom bank, Revolut and TONIK, among others.
- Headquarter London, United Kingdom
- Founders Jason Scott
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Allica Bank Limited
- Date of Incorporation 15 Jul, 2011
- Jurisdiction LONDON, ENGLAND
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Products & Services of Allica Bank
Allica Bank offers a comprehensive portfolio of products and services, including Business Bank Account, Savings Accounts, Commercial Mortgages, Asset Finance, and Growth Finance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Account for business transactions with rewards and tools
Options for depositing and earning interest on funds
Finance for property acquisition and refinancing
Funding to purchase business equipment and tools
Bespoke funding for business expansion and operations
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Funding Insights of Allica Bank
Allica Bank has successfully raised a total of $334.21M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $122.88 million completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $122.9M
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First Round
First Round
(17 Sep 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2022 | Amount | Series C - Allica Bank | Valuation | TCV | |
| Jun, 2022 | Amount | Series B - Allica Bank | Valuation |
investors |
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| Jun, 2022 | Amount | Debt – Conventional - Allica Bank | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Allica Bank
Allica Bank has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include TCV, Warwick Capital Partners and Blue Owl Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is invested in global technology companies by TCV.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this private equity fund.
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Founded Year | Domain | Location | |
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Blue Owl Capital is engaged in alternative investment management.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Allica Bank
Allica Bank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Kriya and Tuscan Capital. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Term loans are provided to businesses by Tuscan Capital.
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2017 | ||||
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Diversified business loans, payments, and authentication solutions are provided online.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Allica Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Allica Bank Comparisons
Competitors of Allica Bank
Allica Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Starling Bank, Monzo, Atom bank, Revolut and TONIK, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Digital banking services are offered to consumers and businesses.
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| domain | founded_year | HQ Location |
Internet first bank for individuals and businesses
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| domain | founded_year | HQ Location |
Digital banking services are provided for individuals and businesses.
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| domain | founded_year | HQ Location |
Banking solutions are provided for retail customers and businesses.
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| domain | founded_year | HQ Location |
Digital banking solutions for individuals are provided by TONIK.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Allica Bank
Frequently Asked Questions about Allica Bank
When was Allica Bank founded?
Allica Bank was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Allica Bank located?
Allica Bank is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Allica Bank?
Richard Davies is the current CEO of Allica Bank.
Is Allica Bank a funded company?
Allica Bank is a funded company, having raised a total of $334.21M across 5 funding rounds to date. The company's 1st funding round was a Series B of $30.51M, raised on Sep 17, 2020.
What does Allica Bank do?
Allica Bank was established in 2017 in London, United Kingdom, as a digital banking provider focused on the financial sector. Operations center on online accounts, including savings and current options for personal use, alongside business-oriented services such as loans for commercial mortgages and investments, money transfers, bill payments, and finance management tools. Accessibility is maintained through its domain, allica.bank, serving both consumer and corporate clients.
Who are the top competitors of Allica Bank?
Allica Bank's top competitors include Revolut, Monzo and Starling Bank.
What products or services does Allica Bank offer?
Allica Bank offers Business Bank Account, Savings Accounts, Commercial Mortgages, Asset Finance, and Growth Finance.
How many acquisitions has Allica Bank made?
Allica Bank has made 2 acquisitions, including Kriya, and Tuscan Capital.
Who are Allica Bank's investors?
Allica Bank has 4 investors. Key investors include TCV, Warwick Capital Partners, Blue Owl Capital, and British Business Investments.
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