What it sells
UK business bank for established SMEs: current account, savings, commercial mortgages, asset finance, invoice finance and loans.
Business model breakdown
Buyer: who owns the budget?
Owners and directors of established UK businesses with 5-250 employees.
Trigger: what makes them buy now?
Established businesses feel forgotten by traditional banks that charge monthly fees and lack relationship support; Allica pitches cashback/interest rewards and a dedicated relationship manager. Also promo: no arrangement fees on eligible commercial mortgages for the rest of 2026.
Workflow: what inputs become what output?
Business opens a current account, is assigned a relationship manager, uses team expense cards, multi-director access and accounting-software integrations, and can add savings, commercial mortgage, asset or invoice finance.
Economics: what it saves and how it charges
UnverifiedNet interest on SME lending funded by deposits.
Distribution: how it reaches customers
Direct with named relationship managers, plus brokers/introducers and accountants partnerships.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| 2026-02-25 | — | £115M | — | news.google.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.