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Allica Bank raises £100m in Series C funding

U.K. based SME challenger bank raised £100m in Series C funding led by TCV.

"Allica is delivering exceptional financial performance, proving its proprietary and digitally-native banking model can be sustainable and highly scalable; Allica reached profitability in less than three years and Q3 2022 revenues are up 743% year-on-year compared to 2021."

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europe, banking