Allica ranked second in FT1000 list of Europe’s fastest growing companies

Allica Bank has been ranked second in the FT1000: Europe’s Fastest Growing Companies 2025 list, a testament to its rapid expansion and strong position within the UK’s small and medium-sized enterprise (SME) banking market.

Published by the Financial Times in collaboration with data research company Statista, the list ranks 1,000 companies across Europe based on their compound annual growth rate (CAGR) between 2020 and 2023.

Allica Bank has achieved an impressive CAGR of 652%, securing its place as the second fastest-growing company in Europe. This achievement highlights Allica’s commitment to delivering superior banking solutions to established businesses—an approach that has clearly resonated with SMEs across the UK.

Founded with a mission to provide businesses with the banking services they deserve, Allica has seen exponential growth since issuing its first loan in March 2020. To date, the bank has amassed £4 billion in customer deposits and has lent out £3 billion to SMEs. Headquartered in London and Milton Keynes, Allica combines a technology-driven approach with relationship-focused banking, setting it apart from traditional banks.

This latest recognition comes on the heels of a series of major achievements for Allica. In 2024, the bank doubled its brand awareness and was named the fastest-growing fintech in the UK by Deloitte’s UK Technology Fast 50 Awards. Additionally, Allica topped The Sunday Times list of Britain’s fastest-growing private companies and was recognised as Europe’s fastest-growing start-up by Sifted.

To solidify its market presence further, Allica recently underwent a major rebrand. The refresh includes a bold new logo featuring a bright orange bowler hat, replacing the previous shield emblem, alongside an updated website and colour scheme. The rebrand is part of a broader strategy to expand its market share, with the ambitious goal of capturing 10% of the established SME segment within the next five years.

FT1000: a celebration of Europe’s growth champions

The FT1000: Europe’s Fastest Growing Companies 2025 ranking showcases companies that have excelled during a challenging economic period. This year’s list is led by Poland’s Menlo Electric, a supplier of photovoltaic panels and inverters, with a staggering CAGR of 830.8%. Allica Bank follows in second place, while German mobile advertising platform Almedia secures third with a CAGR of 473.6%.

Italy, Germany, France, and the UK dominate the rankings, with the IT and software sector contributing significantly to the list. The full report, which will be published online and in print on March 27, delves into sectoral trends, regional highlights, and standout business success stories.