"Our ambition has always been to be the most recommended business bank in the UK, so this recognition from our customers is incredibly meaningful. It shows we're building something that genuinely works for established businesses. We're building a business bank that is more helpful, more integrated and more powerful than ever before."
"The recognition, awarded by RFI Global, is based entirely on feedback from more than 4,000 UK businesses, offering a direct measure of customer satisfaction in a sector increasingly shaped by competition from digital-first lenders. Since securing its banking licence in 2019, the lender has expanded rapidly by combining proprietary technology with relationship-led banking, a hybrid model aimed at differentiating it from both traditional high street banks and purely digital competitors."
Allica Bank has achieved recognition as the UK's most recommended business bank according to the 2026 UK Banking & Finance Awards, determined by feedback from more than 4,000 UK businesses. The award reflects the bank's strategic focus on underserved mid-sized enterprises employing between five and 250 people. Allica recently achieved unicorn status with a valuation near $1.2 billion following a $155 million Series D funding round. Since obtaining its banking licence in 2019, the bank has differentiated itself through a hybrid model combining proprietary technology with relationship-led banking. The bank continues expanding its product suite including current accounts, savings, and lending products, while addressing structural gaps in SME finance through flexible lending solutions.
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