Allica Bank hits unicorn status on $155 million Series D

ChainWatcher · 2026-02-25T09:32:30+00:00

Allica raised fresh capital from various investors, including Ventura Capital and TCV, facilitating its growth to £4 billion in SMB loans. The bank serves over 30,000 UK SMBs and aims to double its market share by 2028, with CEO Richard Davies expressing confidence in its strategy.

ChainWatcher

2026-02-25 09:32:30

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The fresh capital was raised from Ventura Capital, GLG , Sona AM and existing investors TCV and Blue Owl. The majority of the round consists of common equity, alongside a portion of new additional Tier 1 equity capital.

Over the past five years, Allica’s balance sheet has scaled to nearly £4 billion of SMB loans, and over £5bn of deposits.

Allica now serves over 30,000 established SMB businesses across the UK, pairing one-to-one relationship management with proprietary tehnology. The company says it aims to double its market penetration to 10% by 2028.

Richard Davies, CEO of Allica, says: “We’re building the category defining digital bank for established SMBs, and are excited to be taking our proprietary platform into new markets. This Series D investment is a major vote of confidence in Allica’s strategy and performance.”

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