Allica Bank, the leading digital bank for small and medium businesses (SMBs), has raised $155 million in a Series D round led by Ventura Capital with participation from TCV and Blue Owl, valuing the company at nearly $1.2 billion. The capital will support continued lending growth, building on a balance sheet of nearly £4 billion in SMB loans and £5 billion in deposits, while deepening investment in its proprietary full-stack technology and AI-powered underwriting capabilities. Allica intends to expand beyond the UK for the first time, employing its technology-led model to gain a larger share of the underserved established SMB segment and pursue wider European growth.

Allica Bank Raises $155M to Accelerate UK Growth and Expand Internationally