iplicit, a London-based cloud accounting software platform purpose-built for the UK mid-market, has announced a €29.7 million investment from technology growth investor One Peak.
This new investment marks iplicit’s first external institutional funding round and will be used to accelerate iplicit’s product development and fuel its growth.
CEO Lyndon Stickley commented, “This investment marks a pivotal milestone in iplicit’s remarkable journey. Since our launch in 2019, we’ve achieved triple-digit revenue growth annually for six consecutive years. This new funding will enable us to sustain our momentum, continue delivering an exceptional experience for our customers, and solidify our position as the leading cloud accounting solution for the UK mid-market.”
Since its launch in 2019, iplicit has rapidly grown to serve over 2,000 organisations, supporting more than 38,000 daily users. Founded by Ian Andrews, iplicit is a leading cloud-based accounting software provider tailored for the UK mid-market. Trusted by over 2,000 mid-market organisations across the UK and Ireland, iplicit helps customers future proof their financial operations with a robust, intuitive, and cost-effective financial management solution.
Stickley added, “With this new investment and our strengthened leadership team, iplicit is on track for another stellar year in 2025. We’re not just aiming to become a tech unicorn – we’re set to redefine the accounting software landscape.”
By delivering the advanced functionality and performance of upmarket systems at a lowered cost, combined with a seamless setup and migration process, iplicit aims to help businesses future-proof their financial operations as they grow.
“We are thrilled to partner with iplicit on its journey to redefine accounting software for the UK mid-market,” said Humbert de Liederkerke Beaufort , Co-founder and Managing Partner at One Peak. “iplicit’s award-winning, intelligent, powerful, and intuitive cloud accounting software, along with best-in-class customer support, makes it a standout leader in its category. This investment underscores our belief in iplicit’s ability to continue disrupting the market by delivering transformative value to customers who are looking to move away from legacy on-premises vendors or have outgrown the limited functionality provided by entry-level accounting software solutions. We look forward to supporting iplicit’s ambitious vision and next phase of explosive growth.”
Stickley added, “The One Peak team is the latest addition to our all-star line-up of investors and advisors. We anticipate 2025 to be another breakthrough year as we expand our marketing efforts and partner network, recruiting top Sage and Advanced resellers and many of the UK’s Top 50 accounting practices.”
iplicit’s UK-based engineering team remains dedicated to addressing the specific needs of local customers – a key differentiator, iplicit argues, in a market often dominated by vendors relying on offshore development. Stickley highlighted, “Our customers value our UK-centric development and support, alongside the power, flexibility, and affordability of our cloud software.”
According to iplicit, they achieved a 113% year-on-year revenue growth in 2024.
Read the orginal article: https://www.eu-startups.com/2025/01/fintech-iplicit-secures-e29-7-million-to-scale-its-accounting-software-platform/
