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UK SME lender Allica Bank today reported its third consecutive year of profit, while the UK business of another UK fintech, ClearBank, also reported its third consecutive year of profit.
Pre-tax profits at fintech Allica were up 23 per cent year-on-year to £36.9m in 2025, on the back of increasing its loan book by 23 per cent year-on-year to £3.7bn, while customer deposits increased by 29 per cent to £5.7bn. Revenues were up 27 per cent to £371.3m.
Allica also said that uptake of its business current accounts had more than doubled in the year to over…
