Challenger bank Allica has selected Lendscape, a provider of commercial lending technology, as the core platform for its asset finance operations.
Following a year of growth, Allica selected Lendscape’s asset finance platform to support that momentum following a successful trial in a sandbox environment.
“Our growth shows just how strong the demand is for a better kind of business banking,” Niv Subramanian, deputy CEO at Allica, said. “We’ve invested heavily in our digital infrastructure so we can scale quickly and keep delivering the support SMEs need to thrive. That means using technology that’s flexible, intuitive and fits seamlessly into our ecosystem, and Lendscape proved from day one that they could deliver all three.”
“We share Allica’s commitment to improving SME finance and making it easier for businesses to access the funding they need to grow,” Steve Taplin, chief product officer at Lendscape, said. “As a company, we’ve made a long-term investment in asset finance technology and innovation, and we back it up with transparency, trust and a deep understanding of the market. Giving Allica early sandbox access was part of that approach: letting them see first-hand how easily our platform integrates, performs and adapts.”
“One of the things that stood out about Lendscape was their openness and clarity,” Conrad Ford, chief product and strategy officer at Allica, said. “In our earliest conversations, they were upfront about where they were on the journey. Since then, we’ve seen the strength of their technological foundations, the quality of the team and the alignment in our ambitions. Their API-first platform gives us the flexibility and speed we need to keep evolving our ecosystem and stay ahead of customers’ expectations.”
“Working with Allica has been a perfect fit; they’re bold, fast-moving, and customer-centric,” Sunny Bhachu, regional commercial director at Lendscape, said. “We’re proud to be part of their journey and excited to help them scale with confidence.”
