iplicit Secures £25 Million Investment from One Peak to Scale its Next- 
Generation Accounting Software Platform. 

iplicit, the leading cloud accounting software platform purpose-built for the UK mid-market, has announced a £25 million investment from leading technology growth investor One Peak. This new investment marks iplicit’s first external institutional funding round and will be used to significantly accelerate iplicit’s product development and fuel its exponential growth. 

Born in the cloud, iplicit delivers a state-of-the-art cloud accounting platform specifically tailored for businesses that have outgrown basic entry-level systems or who have grown frustrated with legacy on-premises vendors. By delivering the advanced functionality and performance of upmarket systems at a fraction of the cost and complexity, combined with a seamless setup and migration process, iplicit ensures that businesses can future proof their financial operations as they grow. 

A pivotal milestone in iplicit's journey

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.” 

Supporting iplicit’s ambitious vision and next phase of explosive growth

“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.”  

2024 was another landmark year for iplicit, achieving 113% year-on-year revenue growth. The Company’s success was also recognised with multiple accolades, including a spot on the Deloitte UK Technology Fast 50 and an 18th-place ranking among UK businesses in the FT1000 list of Europe’s fastest-growing companies. iplicit also earned a top 10 placement in the Sunday Times ‘Best Places to Work’ awards, highlighting its commitment to fostering an exceptional workplace culture. 

This latest investment marks iplicit’s first external institutional funding round, following an impressive journey of self-funded 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 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.” 

Since its launch in 2019, iplicit has rapidly grown to serve over 2,000 organisations, supporting more than 30,000 daily users. Stickley concluded, “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.”