Cloud accounting firm iplicit secures £25m funding as revenues top £6m

Accounting platform iplicit has unveiled a £25m investment from leading technology growth investor One Peak as it prepares to scale the business.

Lyndon Stickley tries to “scare a lot of people away” when he oversees first interviews for roles at cloud-accounting start-up iplicit. Yet Stickley, who bills himself as a go-to-market evangelist after successfully scaling and selling six previous companies, is far from your ruthless CEO.

iplicit CEO Lyndon Stickley says the company wants to "do to Sage what Netflix did to Blockbuster," positioning iplicit as an agile challenger in a £2 billion market opportunity as cloud and AI technology reshape the accounting software landscape.