London’s iplicit, the cloud accounting software provider for businesses beyond entry-level systems, has announced a £25 million investment from tech growth investor One Peak. This marks iplicit’s first external institutional funding round and will be used to accelerate product development and fuel the company’s rapid expansion.
Founded in 2019, iplicit has experienced significant growth, serving over 2,000 organisations and supporting more than 38,000 daily users. The company achieved a remarkable 113% year-on-year revenue growth in 2024, placing it 18th in the FT1000 list of Europe’s fastest-growing companies – a testament to its success despite operating without any prior external investment.
iplicit’s platform is designed to future-proof the financial operations of businesses as they scale. By providing a sophisticated solution tailored to the evolving needs of growing companies, iplicit aims to empower businesses with greater control, efficiency and insights into their financial performance.
This investment from One Peak will enable iplicit to further enhance its platform, expand its team, and accelerate its market penetration. This funding round underscores the strong market demand for iplicit’s cloud accounting solution and positions the company for continued success in the rapidly evolving financial technology landscape.
Lyndon Stickley, CEO, iplicit 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.
“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.”
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