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Allica Bank Acquires Tuscan Capital To Expand Bridging Finance Position

PRIVATESep 02, 2024•almost 2 years ago

Position

Chief Executive Officer

Company

Allica Bank

Richard Davies
LondonFinancial ServicesLendingBanking

Description

Allica Bank has acquired bridging lender Tuscan Capital from Quilam Capital to expand its position in the bridging finance market. The acquisition has extended the UK business bank’s commercial finance product offering with bridging and refurbishment finance, focusing on semi-commercial and full commercial bridging.

Company Information

Company

Allica Bank

Location

44 Worship Street

London, England, United Kingdom

About

Allica Bank is a recently launched business bank that seeks to empower small and medium-sized businesses. The Bank aims to become a major force in serving British businesses by delivering the funding, technology, and expertise needed at a crucial time for the British business sector.

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Executive Insights

Based on hiring data
New executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.