Series D · Fintech
Allica Bank raises $155m Series D for lending, technology and expansion
Ventura Capital, GLG and Sona AM join existing investors TCV and Blue Owl in a round valuing the bank near $1.2bn.
New investors and a broader growth plan
The bank’s February 25, 2026 announcement confirmed the financing following earlier reporting. Most of the round is common equity, with a portion in additional Tier 1 equity capital; the $155 million headline covers both components.
Allica plans to grow lending, deepen investment in its proprietary technology, including AI, and take its first steps outside the UK. At the announcement it reported more than 30,000 established business customers and a target of reaching 10% of its addressable UK market by 2028.
Funding history
Series D · This round$155M