Britain’s SMEs must get over their aversion to debt to ramp up growth May 8, 2025 Britain's small businesses can power growth, but only with a rebooted SME finance market, writes Allica Bank CEO Richard Davies.
Revealed: The 2025 City AM Awards Winners May 7, 2025 The winners of the 2025 City AM Awards were unveiled at a glittering ceremony in the heart of the Square Mile last night in front of 500 guests. The gongs were handed out on stage in the Guildhall, following a speech from former Bank of England Chief Economist Andy Haldane. City AM Editor-in-Chief, Christian May, [...]
Rachel Reeves has promised UK fintech the world – now she must deliver May 4, 2025 Judgement day looms for Rachel Reeves, and UK fintech will be handing her the verdict. In a keynote speech at Innovate Finance’s 11th global summit, the Chancellor confirmed the Treasury’s inaugural Financial Services Growth and Competitiveness Strategy would be published on 15 July. Reeves has lauded the industry’s growth and touted the achievements of fintech [...]
Clearbank, Allica, Atom: The fast-growing future of UK fintech April 19, 2025 Fintech has planted its flag firmly in the Square Mile. Industry giants Monzo and Starling have become household names, helping London to established itself as a leading global fintech hub. KPMG’s bi-annual fintech report showed UK fintech investment was at £7.9bn last year. And now young firms are growing faster than ever, promising to send a [...]
The UK’s fastest growing fintech Allica Bank delivers another record year April 16, 2025 Allica Bank, the UK’s fastest growing fintch, nearly doubled its profit in the last year after another period of rapid growth. The digital bank, which caters towards small and medium-sized enterprises (SMEs), increased pre-tax profits 86 per cent to £29.9m. Lending activity grew over £1bn in 2024 and revenue shot up 68 per cent to [...]
UK fintech stars warn capital gains tax hike could force them to relocate October 16, 2024 Prominent UK fintech founders have warned the new government that hiking capital gains tax risks forcing them out of the country, with nearly half already mulling relocation.
The Ambition A.M. Accelerator: How are fintechs changing the entrepreneurship space? August 23, 2024 The Ambition A.M. Accelerator programme is a chance for founders and budding entrepreneurs alike to discuss important themes and topics each month while also having a chance to meet and learn from prominent figures in the community.
UK economy: ‘No one has any clue what’s going to happen,’ says boss of Britain’s fastest-growing business August 23, 2024 The chief executive of Britain's fastest-growing company has warned that poor access to finance for small firms risks hamstringing the UK's economic growth, as business owners already struggle with "really high uncertainity in the world".
Allica Bank chief bets on rapid growth to force improvement in SME finance May 9, 2024 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 April 22, 2024 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.