One Peak Invests £25M in Iplicit to Propel Cloud Accounting Innovations Forward

One Peak Invests £25M in Iplicit to Propel Cloud Accounting Innovations Forward

Iplicit, a leading cloud accounting software platform tailored for the UK mid-market, has recently secured a significant investment of £25 million from One Peak, a prominent technology growth investor. This investment is a landmark achievement for Iplicit, marking its first round of external institutional funding.

Investment Details and Future Plans

The funding from One Peak is aimed at accelerating product development and fostering rapid growth for Iplicit. As a cloud-native solution, Iplicit is celebrated for providing an advanced cloud accounting platform that supports businesses transitioning from basic entry-level systems or those looking to move away from outdated legacy on-premises solutions.

Benefits of Iplicit’s Cloud Accounting Solution

  • Advanced Functionality: Offers features comparable to high-end systems without the associated cost.
  • High Performance: Designed to deliver speed and efficiency for financial operations.
  • Seamless Migration: Simplifies the setup process, allowing businesses to easily transition to the cloud.
  • Future-Proofing: Ensures that businesses can scale their financial operations as they grow.

Impressive Growth and Recognition

Since its inception in 2019, Iplicit has experienced remarkable growth, achieving a triple-digit revenue increase annually for six years in a row. In 2024, the company reported a 113% year-on-year revenue growth, earning it numerous accolades, including:

Leadership Insights

Iplicit’s CEO, Lyndon Stickley, remarked on the significance of this investment, stating, “This funding represents a pivotal milestone in Iplicit’s journey. Our consistent triple-digit growth is a testament to our commitment to delivering exceptional value to our customers. This new capital will help us maintain our momentum and reinforce our position as the premier cloud accounting solution for the UK mid-market.”

READ ALSO  COVU Secures $22M Series A Extension to Accelerate Growth of AI-Powered Insurance Platform

Looking Ahead

This investment round builds on Iplicit’s successful self-funded growth trajectory, further establishing its role as a major player in the cloud accounting sector. For more information about Iplicit’s offerings and future plans, visit Iplicit’s official website.

Similar Posts

Regnology Boosts SupTech Solutions with Strategic Acquisition of BR-AG

Regnology Boosts SupTech Solutions with Strategic Acquisition of BR-AG

Bysupport

Regnology has acquired BR-AG, enhancing its regulatory reporting solutions and expanding its international presence in the banking sector. Founded in 2005, BR-AG specializes in consulting for taxonomy and data model development, aiming to improve reporting efficiency and compliance. The acquisition will bolster Regnology’s Regulatory Supervision Hub and integrate BR-AG’s ATOME suite, enhancing supervisory capabilities and digital transformation. This collaboration promises advanced tools for Data Point Model design, improved regulatory data expertise, and modern API technology, benefiting both regulators and banks. Together, they will reach nearly 100 regulatory bodies globally, fostering innovation and efficiency in regulatory processes.

BlackCloak Secures Funding from The LegalTech Fund: A Game-Changer in Digital Executive Protection

BlackCloak Secures Funding from The LegalTech Fund: A Game-Changer in Digital Executive Protection

Bysupport

BlackCloak, a cybersecurity firm focused on protecting high-profile individuals, has secured a significant investment from The LegalTech Fund, enhancing its capabilities in digital executive protection. The company offers a comprehensive Digital Executive Protection platform designed for corporate leaders and high-net-worth individuals, featuring concierge-style cybersecurity, personal device security, and ongoing support against cyber threats. CEO Dr. Chris Pierson expressed enthusiasm for the partnership, which aims to advance their mission of safeguarding executives and their families. The investment will strengthen BlackCloak’s connections in the legal industry and enhance its service offerings amidst evolving cyber threats.

Nuvei Boosts eCommerce Payments in Japan with Strategic Paywiser Acquisition

Nuvei Boosts eCommerce Payments in Japan with Strategic Paywiser Acquisition

Bysupport

Nuvei, a Canadian FinTech company, is expanding in the Asia-Pacific region by acquiring Paywiser Japan, gaining an acquiring license from the Japanese Ministry of Economy, Trade and Industry. This acquisition will enable Nuvei to introduce direct acquiring capabilities across major card schemes and enhance connections with alternative payment methods in Japan. With a new headquarters in Tokyo and over 200 local experts, Nuvei aims to strengthen its presence in Japan’s eCommerce market, the fourth largest globally. CEO Philip Fayer emphasizes the importance of this expansion for providing localized payment solutions and supporting business growth in the region.

Clearwater Acquires Enfusion: $1.5 Billion Investment Management Platform Deal

Clearwater Acquires Enfusion: $1.5 Billion Investment Management Platform Deal

Bysupport

Clearwater Analytics has announced its acquisition of investment management platform Enfusion for $1.5 billion, aimed at enhancing its offerings in the asset management industry. Clearwater plans to finance the deal through an $800 million loan and a $200 million revolving line of credit, offering Enfusion’s shareholders the option for cash, stock, or a combination. The acquisition, approved by both companies’ boards, awaits shareholder and regulatory approvals, expected to finalize by Q2 2025. Clearwater intends to integrate Enfusion’s technology to build a comprehensive investment management platform and expand its presence in the hedge fund sector.

Maximize Customer Satisfaction: The Ultimate Guide to Insurance Automation for a Seamless Experience

Maximize Customer Satisfaction: The Ultimate Guide to Insurance Automation for a Seamless Experience

Bysupport

The insurance sector is undergoing a transformation driven by automation technologies and evolving customer expectations. Innovations like AI and intelligent process automation have improved claim processing, operational productivity, and customer interactions. McKinsey reports that automated insurers achieve 30% faster claims processing and 42% greater operational efficiency. As customers demand faster, personalized services, automation enables insurers to offer seamless experiences and proactive risk mitigation. Key advancements include AI-driven tools for underwriting, claims management, and customer engagement. The future promises further innovations like generative AI and embedded insurance, emphasizing the need for tailored automation strategies to enhance efficiency and meet regulatory standards.

Armis Boosts Cyber-Physical Security with Strategic Acquisition of OTORIO

Armis Boosts Cyber-Physical Security with Strategic Acquisition of OTORIO

Bysupport

Armis has acquired OTORIO to enhance its cybersecurity services, particularly in operational technology (OT) and cyber-physical systems (CPS) security. This move addresses the growing demand for robust security in industries like oil and gas, utilities, and manufacturing. Integrating OTORIO’s Titan platform with Armis’ Centrix™ will improve security for air-gapped environments, enabling secure remote access and comprehensive attack path mapping. This acquisition aligns with Armis’ strategy to expand its technological capabilities ahead of its initial public offering (IPO). Both CEOs highlighted the importance of this partnership in meeting the evolving needs of critical infrastructure security.