
Allica Bank Doubles Down on SME Growth, Nearly Doubles Profits to £29.9M
Hey FinTech Fanatic!
Allica Bank, a UK-based SME-focused digital challenger, has reported a pre-tax profit of £29.9 million for 2024, marking an 86% increase from the previous year. The bank's gross revenue surged by 68% to £292.1 million, bolstered by significant investments in proprietary technology and