Allica Bank acquires Tuscan to enter the bridging market
09/02/24, 6:58 AM
Location
londonlondonIndustry
banking
lending
finance
financial services
financial services
Allica Bank, the digital challenger bank specializing in serving small and medium-sized businesses, has strategically acquired Tuscan, a well-established bridging finance provider in the UK market. This acquisition marks Allica Bank's entry into the bridging market, expanding its financial services offerings.
Company Info
Location
London, England, United Kingdom
Company info
Allica is a bank built especially for established businesses with between 5 and 250 employees.
These businesses make up a third of UK employment and turnover, yet the service they get from the big banks is increasingly impersonal, inconvenient, and poor value. We don’t think that’s right.
Allica Bank is on a mission to give established businesses the banking they deserve. That means a current account with a great interest rate. A relationship manager whose name and number they actually know. And technology that makes life easier, not harder.