"CEO Lyndon Stickley said Bournemouth offered an ideal base for the company's next phase. "We needed a dynamic environment that could scale with us and house the South Coast's next unicorn - and we found it at Patch," he said. Stickley added that iplicit fills a "critical gap" in the mid-market, where around 100,000 UK organisations remain reliant on ageing, on-premise finance systems."
"iplicit has been on a steep growth trajectory since launching to market in 2019, scaling from 11 employees to 198 and securing 48,000 daily users across 103 countries. The business was named among Europe's fastest-growing companies in the Financial Times FT1000 ranking and has averaged over 100% year-on-year growth for seven consecutive years."
"In January, the company secured 325 million from growth fund One Peak in its first institutional round, having previously raised 318.5 million from management team members during its bootstrapped phase. The new investment is fuelling major product innovation, including expanded mobile capabilities and AI-driven functionality."
iplicit has relocated its headquarters to Bournemouth and will base its frontline support team at Patch Bournemouth while maintaining a remote-first model. The company provides a cloud accounting platform for mid-market businesses and charities and has grown from 11 to 198 employees since 2019, with 48,000 daily users across 103 countries. iplicit has recorded over 100% year-on-year growth for seven consecutive years and was named in the Financial Times FT1000. In January, iplicit raised 325 million from One Peak to fund product innovation, mobile expansion, and AI-driven features. Local hiring is expected to increase, targeting 330 employees by 2028.
Read at Business Matters
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