iplicit's £25M Investment: A Leap into the Future of Cloud Accounting
January 29, 2025, 3:45 pm
Location: United Kingdom, England, London
Employees: 11-50
Founded date: 2013
Total raised: $31.26M
In the bustling world of fintech, iplicit has made waves. The London-based company recently secured a £25 million investment from One Peak, a technology growth investor. This funding marks a significant milestone for iplicit, which has rapidly evolved since its inception in 2019. With over 2,000 organizations relying on its cloud accounting software, iplicit is poised for a transformative leap.
The investment is not just a financial boost; it’s a rocket fuel for innovation. iplicit plans to channel these funds into product development and expansion. The goal? To enhance its already robust platform and cater to the growing needs of the UK mid-market. The company’s software is designed to simplify financial management, making it easier for businesses to track inventory, manage accounts, and generate reports. It’s like giving companies a compass in the often turbulent sea of financial operations.
iplicit’s growth story is impressive. Since launching, it has achieved triple-digit revenue growth for six consecutive years. This is no small feat in a competitive landscape. The company has built a solid reputation, supporting over 38,000 daily users. Each user represents a business that trusts iplicit to manage its financial health. This trust is a testament to the platform’s effectiveness and reliability.
CEO Lyndon Stickley leads the charge. His vision is clear: to redefine accounting software for the mid-market. With this new funding, iplicit aims to sustain its momentum and continue delivering exceptional customer experiences. The company is not just aiming for growth; it’s setting its sights on becoming a leader in the cloud accounting space. It’s a bold ambition, but one that seems well within reach.
The investment from One Peak is a strategic partnership. One Peak recognizes the potential in iplicit’s innovative approach. The firm sees iplicit as a disruptor in a market often dominated by legacy systems. By offering advanced functionality at a lower cost, iplicit is appealing to businesses that have outgrown traditional accounting solutions. It’s like offering a high-speed train in a world still reliant on horse-drawn carriages.
This funding round is iplicit’s first external institutional investment. It signifies a shift from a startup to a serious player in the fintech arena. The company is now equipped to scale its operations and enhance its product offerings. This is crucial in a sector where technology evolves rapidly. Staying ahead of the curve is essential for survival.
The UK mid-market is a fertile ground for growth. Many businesses are seeking modern solutions to replace outdated systems. iplicit’s cloud-based platform fits the bill perfectly. It offers flexibility, affordability, and a user-friendly interface. These attributes make it an attractive option for companies looking to future-proof their financial operations.
iplicit’s engineering team is another asset. Based in the UK, they focus on addressing local customer needs. This is a key differentiator in a market often reliant on offshore development. Customers appreciate the localized support and development. It fosters a sense of trust and reliability, essential in financial management.
As iplicit prepares for its next chapter, the company is also expanding its marketing efforts. It aims to recruit top resellers and accounting practices. This strategy will enhance its reach and solidify its position in the market. The ambition is clear: to make iplicit a household name in cloud accounting.
The fintech landscape is ever-changing. Companies must adapt or risk being left behind. iplicit’s recent funding is a strategic move to ensure it remains at the forefront of innovation. By investing in product development, the company is not just keeping pace; it’s setting the pace.
In conclusion, iplicit’s £25 million investment from One Peak is more than just a financial boost. It’s a catalyst for growth and innovation. With a solid foundation and a clear vision, iplicit is ready to redefine the accounting software landscape for the UK mid-market. The journey ahead is promising, and the destination is a future where financial management is seamless and efficient. As iplicit continues to grow, it will undoubtedly leave a lasting mark on the fintech industry. The stage is set, and the spotlight is on iplicit.
The investment is not just a financial boost; it’s a rocket fuel for innovation. iplicit plans to channel these funds into product development and expansion. The goal? To enhance its already robust platform and cater to the growing needs of the UK mid-market. The company’s software is designed to simplify financial management, making it easier for businesses to track inventory, manage accounts, and generate reports. It’s like giving companies a compass in the often turbulent sea of financial operations.
iplicit’s growth story is impressive. Since launching, it has achieved triple-digit revenue growth for six consecutive years. This is no small feat in a competitive landscape. The company has built a solid reputation, supporting over 38,000 daily users. Each user represents a business that trusts iplicit to manage its financial health. This trust is a testament to the platform’s effectiveness and reliability.
CEO Lyndon Stickley leads the charge. His vision is clear: to redefine accounting software for the mid-market. With this new funding, iplicit aims to sustain its momentum and continue delivering exceptional customer experiences. The company is not just aiming for growth; it’s setting its sights on becoming a leader in the cloud accounting space. It’s a bold ambition, but one that seems well within reach.
The investment from One Peak is a strategic partnership. One Peak recognizes the potential in iplicit’s innovative approach. The firm sees iplicit as a disruptor in a market often dominated by legacy systems. By offering advanced functionality at a lower cost, iplicit is appealing to businesses that have outgrown traditional accounting solutions. It’s like offering a high-speed train in a world still reliant on horse-drawn carriages.
This funding round is iplicit’s first external institutional investment. It signifies a shift from a startup to a serious player in the fintech arena. The company is now equipped to scale its operations and enhance its product offerings. This is crucial in a sector where technology evolves rapidly. Staying ahead of the curve is essential for survival.
The UK mid-market is a fertile ground for growth. Many businesses are seeking modern solutions to replace outdated systems. iplicit’s cloud-based platform fits the bill perfectly. It offers flexibility, affordability, and a user-friendly interface. These attributes make it an attractive option for companies looking to future-proof their financial operations.
iplicit’s engineering team is another asset. Based in the UK, they focus on addressing local customer needs. This is a key differentiator in a market often reliant on offshore development. Customers appreciate the localized support and development. It fosters a sense of trust and reliability, essential in financial management.
As iplicit prepares for its next chapter, the company is also expanding its marketing efforts. It aims to recruit top resellers and accounting practices. This strategy will enhance its reach and solidify its position in the market. The ambition is clear: to make iplicit a household name in cloud accounting.
The fintech landscape is ever-changing. Companies must adapt or risk being left behind. iplicit’s recent funding is a strategic move to ensure it remains at the forefront of innovation. By investing in product development, the company is not just keeping pace; it’s setting the pace.
In conclusion, iplicit’s £25 million investment from One Peak is more than just a financial boost. It’s a catalyst for growth and innovation. With a solid foundation and a clear vision, iplicit is ready to redefine the accounting software landscape for the UK mid-market. The journey ahead is promising, and the destination is a future where financial management is seamless and efficient. As iplicit continues to grow, it will undoubtedly leave a lasting mark on the fintech industry. The stage is set, and the spotlight is on iplicit.