Atalaya Capital and Warwick Capital led a $147m Series B funding round in Allica Bank.

Private equity firms Atalaya Capital Management and Warwick Capital Partners, led a $147m Series B funding round in Allica Bank, a fintech SME bank. “We are excited to continue our support of Allica and the bank’s transformational acquisition of AIB’s SME portfolio. Allica has been building impressive momentum since its full launch last year and this acquisition will build on and accelerate the development of Allica’s award-winning proposition for Britain’s underserved SMEs," Ian Burgess, Warwick Capital Managing Partner.