Allica Bank in The Sunday Times/Raconteur's ‘Future of Fintech’ report

Allica Bank was in The Sunday Times this weekend, featured in Raconteur's ‘Future of Fintech’ report.

In it, Conrad Ford discusses how established small and medium businesses in the UK have been ignored by big banks and app-based challengers. He explains that established SMEs often no longer have access to a relationship manager, and are missing out on valuable opportunities as a result.

“It’s alarming that half a million established SMEs face so many challenges getting a decent bank account and accessing essential funding. When they do manage to open accounts, they often find themselves ripped off by punitive feeds and poor saving rates.”

Read the article and find the full report from Raconteur here.

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Further reading

Scaling AI at Allica: Part II

Debt financing vs equity financing: differences explained

Meet the team: James Harrison on launching cashflow finance at Allica

Meet the team: Harry Lee on the importance of knowing your numbers

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