Allica Bank chief bets on rapid growth to force improvement in SME finance Banking Allica only launched in 2020 but has already become a certified fintech darling. It was named by Deloitte as the UK’s fastest-growing fintech last year and in April posted its first annual profit of £16.1m.
Allica Bank: Fintech darling reports first annual profit as loan book swells to £2bn Banking Allica Bank has reported its first annual profit since launching in 2020, with its revenue more than doubling on the back of bumper lending growth, a surge in deposits and a boost from higher interest rates.