Cloud Accounting Pioneer iplicit Secures £25m Investment
Fueling Growth and Innovation
UK-based cloud accounting software provider iplicit has landed a significant £25m investment from growth equity firm One Peak, marking its first external institutional funding round. This strategic partnership will accelerate iplicit’s product development and drive its continued expansion efforts.
A Pivotal Milestone
According to iplicit CEO Lyndon Stickley, this investment represents a crucial milestone in the company’s remarkable journey. Since its launch in 2019, iplicit has achieved triple-digit revenue growth annually for six consecutive years. This new funding will enable the company to sustain its momentum, deliver exceptional customer experiences, and solidify its position as the leading cloud accounting solution for the UK mid-market.
A Winning Formula
iplicit’s cloud-based platform offers advanced features, ensuring a seamless setup and migration process for clients looking to future-proof their financial operations. This is achieved at a fraction of the cost and complexity of high-end systems, making it easy for businesses to scale. The company’s award-winning software, combined with best-in-class customer support, has made it a standout leader in its category.
Disrupting the Market
One Peak co-founder and managing partner Humbert de Liederkerke Beaufort believes that iplicit’s innovative approach will continue to disrupt the market by delivering transformative value to customers. This investment underscores One Peak’s confidence in iplicit’s ability to drive growth and expansion.
Recent Successes
In July 2024, the City of Birmingham Symphony Orchestra (CBSO) selected iplicit to manage its finances, further demonstrating the company’s capabilities and potential.
A Bright Future Ahead
With this significant investment, iplicit is poised to make a significant impact in the cloud accounting market. As the company expands its marketing efforts and partner network, it’s clear that 2025 will be another breakthrough year for this innovative software provider.
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