Allica and ClearBank’s UK businesses report third year of profits

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 14,000. The fintech recently completed a $155m funding round.

Allica is considering international expansion and is considering buying a bank in Northern Europe.

The UK fintech also said it was deploying AI agents across its tech, which it said would deliver a “step change" in its SME lending proposition.

Richard Davies, Allica CEO said: "2025 was our strongest year yet. In a year when we’ve been investing deeply in tech and proposition enhancements, we’ve delivered a 34 per cent increase in underlying pre-tax profit – and the number of established SMEs choosing to make Allica their primary bank has more than doubled, showing the demand for our full-service established SME model."

Meanwhile, ClearBank, which provides clearing services and banking infrastructure to financial clients including challenger banks such as Tide and Revolut, said UK profits rose 53 per cent year-on-year to £12.2m in 2025.

But group losses at ClearBank increased from £10.2m to £16.7m amid international expansion.

The performance of its UK business was driven by demand across embedded banking, FX and multi-currency services, it said.

ClearBank said it added 61 new clients to its portfolio in 2025, including its first corporate embedded banking partner, PayCaptain.

Mark Fairless, Group CEO of ClearBank, said: “2025 was a year of significant growth, but also one of investing for the future success of the group as we expand our propositions and geographic footprint for 2026.”