Allica Bank

Allica Bank is a UK bank offering business current accounts, business savings, business borrowing (including commercial mortgages, overdrafts and loans) and money management tools such as expense cards, multi-user access and integrations with Sage, Xero, QuickBooks and FreeAgent. The website says its technology is proprietary and built for established businesses.

The bank's customers are established UK businesses with 5-250 employees, and the website reports over 25,000 such customers. Instead of monthly account fees, the website says the bank rewards customers with cashback and interest. Each customer is assigned a dedicated relationship manager.

Allica was founded in London and received its banking licence in 2019. The website lists hubs in Milton Keynes and Manchester and hubs in India, and reports over 700 employees. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority, with FSCS deposit protection up to £120,000. Current job postings include engineering, underwriting, relationship management and partnerships roles.

Product: Business Rewards Account (current account with linked savings, cashback and overdraft), business savings, and commercial lending products