Allica Bank Rises as Champion for Forgotten UK SMEs
Richard Davies, CEO of Allica Bank, is on a mission to change that by creating a financial institution specifically designed for established small and medium-sized enterprises (SMEs).
Since obtaining its banking licence in late 2019 and making its first loan just as COVID-19 hit in March 2020, Allica Bank has experienced meteoric growth.
This success has been recognised through multiple industry accolades, including winning the Deloitte Fast 50 award for the fastest-growing company in the UK in 2023 and 2024.
“We are the fastest growing company over the last four years in the UK,” Richard notes. “We won the Deloitte Fast 50 in November 2023 and November 2024, so two years in a row, and the Sunday Times 100 announced us in the top position in June last year.”
This remarkable trajectory is even more impressive considering the challenging economic environment during the bank's formative years.
While many businesses were struggling to survive during the pandemic, Allica was laying the foundation for what would become one of the UK's fastest-growing financial institutions.
To read the full article in the magazine, click HERE.
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