Allica has reported record financial results as the digital bank for established SMEs marked a third consecutive year of profit.
Underlying pre-tax profit in 2025 increased 34% to £43.7 million, even with £30m of strategic investment in new products and ‘go to market’.
Gross revenue rose 27% to £371.3m while its Active Business Reward Account customers grew 133% to over 14,000.
Total lending was up 23%, reaching £3.7 billion, while customer deposits climbed 29% to £5.7bn.
Allica says 2025 saw it evolve into a genuinely AI-enabled tech platform. It is already deploying AI agents across its proprietary technology and data to deliver a step-change in its SME lending proposition – driving faster, sharper lending decisions, and giving relationship managers better insight in every customer conversation.
With the completion of its recent $155m Series D fundraise, the FinTech says it is well on track for 10% UK market penetration by 2028 and is actively considering international expansion.
“2025 was our strongest year yet,” said Richard Davies, CEO (pictured). “In a year when we’ve been investing deeply in tech and proposition enhancements, we’ve delivered a 34% increase in underlying pre-tax profit – and the number of established SMEs choosing to make Allica their primary bank has more than doubled, showing the demand for our full-service established SME model.
“But the more significant story is what’s happening beneath the numbers. Because we’ve been building Allica from the ground up on powerful, proprietary technology – with modern clean data architecture and a unified software stack – we’re entering this new era of agentic AI with a structural advantage that legacy banks and others relying on third-party systems simply cannot close.
“Our engineering teams are now developing and deploying AI agents and tools across the full technology stack, and we’re developing what we believe will be a global first for complex SME lending using AI agents built on our own proprietary data.
“Allica is building the category defining digital bank for established SMEs – a segment who make up a third of the economy but are drastically underserved.
“With our tech advantage now being amplified by the power of AI, the opportunity for us to transform the established SME banking market in in the UK and overseas is bigger than ever.”