Published: February 25, 2026 at 9:37 am
Allica Bank, a digital bank serving small and medium businesses, has raised £115 million in Series D capital to become the UK’s latest unicorn.
The raise comes 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.
Allica’s core market is established SMEs – businesses with typically 5-250 employees – and provides a full stack of services using proprietary technology.
The round values Allica at close to $1.2 billion.
The capital will fuel Allica’s continued lending growth and deepen investment into its technology stack, including using AI to revolutionise lending opportunities for established SME businesses, while expanding outside of its UK home market for the first time.