Allica Bank has been Britain's fastest-growing company over the past few years, according to a collection of different reports that track this. This growth has been driven by Richard Davies, the chief executive. He arrived at Allica in 2020 from Revolut to what was, effectively, a blank sheet of paper – the bank had a licence and funding, but its founder had departed and it made paid out only £5m in loans.
Since then, Allica has been transformed into a thriving digital bank for small and medium-sized businesses. At the heart of this transformation has been an approach inspired by what Davies has learned from his varied career and a book, The Geek Way, that provides a playbook for modern businesses.
In this episode of the Business Leader Podcast, Graham Ruddick speaks to Davies about the story behind Allica, why small and medium-sized businesses need a better bank and the outlook for the UK economy.
Related and recommended

Steve Brass explains how he promotes psychological safety at work to foster innovation

Major career setbacks can be moments to take stock and recalibrate, according to US tech boss Sanjay Poonen

Taking a proactive approach to a future sale can help boost value, avoid costly mistakes and prepare you personally for the transition

Communications specialist Tom Laranjo shares advice on how to integrate artificial technology into the workplace