Allica completes seamless migration to Lendscape, enabling scalable growth and digital innovation
Allica Bank has successfully gone live on Lendscape’s industry-leading lending platform, marking a major milestone in its digital transformation journey and unlocking new capacity for growth and innovation.
The go-live follows Allica’s decision last year to select Lendscape as part of a wider investment in its digital infrastructure, aimed at enhancing operational flexibility and enabling it to continue to scale rapidly, having become the fastest-growing fintech in UK history, according to Deloitte. The challenger business bank has already lent over £3.5 billion to established businesses since getting its banking licence in 2019.
The migration to Lendscape’s API-first, cloud-native platform was completed smoothly and on schedule, with no disruption to Allica’s business operations or customers. Designed for seamless integration with existing systems and processes, the platform provides an intuitive user experience while automating and streamlining day-to-day operations – helping Allica’s teams work faster and focus more on delivering value to customers.
“Migration anxiety is one of the biggest barriers to digital transformation in lending,” said Steve Taplin, Chief Product Officer at Lendscape. “Together with Allica, we’ve proven there’s a better way – one that delivers speed, certainty and zero disruption. With our API-first platform and proven approach, lenders can modernise with confidence, cut their cost to serve, and unlock new levels of productivity and agility.”
With Lendscape’s technology in place, Allica can scale faster, innovate at pace, and offer more flexible financing to help SMEs access the funds they need. “Partnering with Lendscape has been a key step in setting Allica up for our next stage of growth,” said Niv Subramanian, Deputy CEO of Allica. “The migration process was smooth and straightforward, with no impact on our customers – a real testament to the team’s implementation expertise and the flexibility of their platform.”
By simplifying migration and accelerating time to value, Lendscape enables providers like Allica to focus on growth and innovation, rather than systems challenges. The platform’s automation, data-driven processes, and intuitive design help lenders deliver faster, more efficient, and customer-focused experiences – driving smarter lending for the future.
***ENDS***Media Contact Info:
Iain Gomersall, Lendscape
Email: iain.gomersall@lendscape.com
About Lendscape
Lendscape is the world's leading technology provider for all forms of secured finance. With over 50 years of experience and in-depth industry understanding, our dynamic team has designed, developed, and delivered secured lending technology to over 40 markets and some of the worlds' most prestigious banking and financial services providers.
Lendscape supports a range of working capital and asset finance solutions such as factoring, invoice discounting, supply chain finance, asset-based lending as well as asset finance and many other forms of specialist finance.
To learn more, visit www.lendscape.com.
About Allica Bank
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 they’re overlooked by the big banks with a service that is increasingly impersonal, inconvenient, and poor value.
Allica Bank is on a mission to give established businesses the banking they deserve. That means a current account that rewards business owners for using it, a relationship manager whose name and number they actually know, and powerful tools and technology that make their life easier, not harder. It’s how business banking used to be, just better.
It’s proving to be a winning combination. Allica was named the UK’s fastest-growing company in The Sunday Times’ Top 100 in 2024 and was awarded the number two spot in its 100 Tech list in 2025. The firm has also topped Deloitte’s Fast 50 for two consecutive years and was ranked by Sifted as the fastest growing start up in Europe.
Allica’s annual revenue growth makes it the fastest-growing fintech ever, with it breaking into yearly profitability in 2023 with a substantial balance sheet.Allica’s ambition is to gain 10% market share in the next five years in order to help change the established SME market for the better.
www.allica.bank