Iplicit
iplicit is a UK-based cloud accounting software provider serving mid-market organisations with multi-entity financial management, real-time reporting, embedded payments, and AI-enabled analytics. Founded in 2013 and commercially launched in 2019, it serves 2,000+ organisations across multiple verticals.
- Company typePrivate
- Founded2013
- HeadquartersLondon, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Iplicit does
iplicit is a UK-based cloud accounting software vendor founded in 2013 by Lyndon Stickley and commercially launched in 2019 after a bootstrapped build phase during which approximately £18.5m was raised from management. Headquartered in Bournemouth following a November 2025 relocation, the company serves 2,000+ mid-market organisations in the UK and Ireland with a true-cloud, API-first financial management platform positioned between entry-level systems such as Xero and QuickBooks and legacy enterprise ERPs such as SAP and Oracle. Core capabilities include multi-entity and multi-currency consolidation in real time, unlimited accounting dimensions, configurable multi-level approval workflows, automated revenue recognition, native integrations with banks, HMRC, Excel, and sector systems (EpicCare and Fusion for care homes, among others), and ISO/IEC 42001:2023-certified AI-enabled analytics via iplicit Insights.
The revenue model is predominantly subscription-based SaaS with multi-year contracts, supplemented by professional services for rapid implementation (full go-live in weeks) and revenue share through a channel partner programme that reached 50+ UK partners by September 2025 (including Moore Kingston Smith, AAB, Candura, and 4PointZero). Pricing is quote-based and not publicly disclosed, with special pricing for registered charities; specialisations are targeted at finance directors and CFOs in hospitality, housing associations, care homes, multi-academy trusts, nonprofits, software/tech, and wholesale/manufacturing verticals. Go-to-market is sales-led direct motion augmented by channel partners and event-driven demand generation (notably Accountex London).
Strategic positioning has shifted decisively toward a platform-of-record model for mid-market finance, with three major product launches clustered in March–May 2026: iplicitPay embedded AP payments (via Crezco), Pleo Embedded spend management, and iplicit Insights AI analytics. The £25m growth investment from One Peak in January 2025—iplicit's first external institutional funding round—is funding team expansion (198 staff at January 2025, targeting 200 by end-2025 and 330 by 2028), international expansion to Australia and New Zealand, and execution toward an articulated unicorn ($100m ARR) ambition by 2030.
Iplicit firmographics
Firmographics- Name
- Iplicit
- Legal name
- iplicit
- Website
- https://iplicit.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- iplicit is a UK-based cloud accounting software provider serving mid-market organisations with multi-entity financial management, real-time reporting, embedded payments, and AI-enabled analytics. Founded in 2013 and commercially launched in 2019, it serves 2,000+ organisations across multiple verticals.
- Ownership category
- akta.pro rank
Iplicit industry classification
Industry- Product category
- Cloud Accounting Software
- NAICS
- Software Publishers (51321)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Execution-Only / Self-Directed Investing Platforms (FSAAAAAI)
Keywords
Where Iplicit is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Iplicit business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Annual Recurring Revenue (ARR): Subscription-based SaaS revenue with 113% year-on-year ARR growth for six consecutive years, growing from £3.1m ARR in 2023 to £6.6m ARR in 2024; targeting unicorn status ($100m ARR) by 2030 and £100m ARR by 2031.
- Implementation and onboarding services: Rapid implementation services included with subscription, with a fully-functioning test environment ready in hours and full go-live in weeks rather than months, supported by a dedicated onboarding team.
- Channel partner resale margins: Revenue share through reseller, accountant, alliance, and integration partner network including partnerships with Moore Kingston Smith, AAB, Candura, 4PointZero and 50+ UK partners.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Quote-based subscription pricing, not publicly disclosed on website |
| Subscription | Annual | Special pricing for registered charities |
Go-to-market motion4 records
Iplicit product offering
Product offeringCore offering
Iplicit sells a cloud-native, mid-market financial management SaaS platform that delivers multi-entity and multi-currency accounting, real-time reporting, automated workflows, group consolidation, stock and inventory, and unlimited accounting dimensions, replacing on-premises and entry-level systems with enterprise-level capability. It bundles an open API for integrations with banks, HMRC, Excel, EpicCare, Fusion and other operational systems, and adds an embedded payments module (iplicitPay) and an AI-enabled analytics and reporting suite (iplicit Insights) for finance teams at UK and Ireland organisations.
Differentiator
Problem solved
Functional benefit
Brands
- iplicit AI Pulse: AI platform of which iplicit Insights is the flagship product.
- iplicit Insights
- iplicitPay
Products and services
- iplicit Cloud Accounting Platform
- iplicit AI Pulse
- iplicit Insights
Companies that use Iplicit
Customer profileIdeal customer profiles4 records
Iplicit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability10 records
Feature9 records
Iplicit partnerships and signals
Strategic signalRecent moves10 records
Expansion highlights6 records
Iplicit competitors and assessment
Company assessmentRegional players
- Clear Books: UK-focused cloud accounting software primarily serving small businesses and accountants. Operates in the same geography as iplicit but skews smaller in customer size, making it a regional/adjacent competitor rather than a direct mid-market rival.
Emerging players
- Pennylane: French cloud accounting platform rapidly expanding into the UK with a modern UX, accountant-friendly workflows, and embedded payments. Represents an emerging well-funded European competitor targeting the same mid-market cloud-accounting segment.
Broad incumbents
- Microsoft Dynamics 365 Business Central: Microsoft's cloud ERP for SMB and mid-market, deeply integrated with the Microsoft 365 / Teams / Power Platform stack. Competes with iplicit for mid-market finance teams, particularly those standardised on Microsoft technology.
- SAP Business One: SAP's mid-market ERP offering with full financials, widely deployed in UK and globally. Represents the upper bound of iplicit's competitive set as mid-market organisations scale toward enterprise requirements.
- Sage Group: UK-headquartered incumbent dominating the small and mid-market accounting space with Sage Intacct, Sage 50, and Sage Business Cloud. Overlaps directly with iplicit's mid-market positioning but serves a far broader customer base across multiple segments and geographies.
- NetSuite (Oracle): Cloud ERP suite from Oracle targeting mid-market and upper mid-market organisations with financials at its core. Represents the enterprise-tier competitor above iplicit's positioning; many mid-market prospects outgrow iplicit into NetSuite.
Direct peers
- Odoo: Open-source ERP and accounting suite with cloud offering and a broad suite including CRM, inventory, and HR. Competes with iplicit on price-sensitive mid-market deals and offers similar breadth of business application functionality.
- Xero: Cloud-native accounting platform serving SMB and growing mid-market customers in the UK and globally. Most direct competitor to iplicit in the cloud-accounting mid-market niche, with comparable subscription model and ongoing push upmarket into the segment iplicit targets.
- Acumatica: Cloud-native ERP with strong financials module targeting mid-market customers; partner-channel-led GTM model closely mirrors iplicit's mid-market, channel-led approach. Direct competitor for mid-market cloud financial management deals.
- QuickBooks Online (Intuit): Cloud accounting platform from Intuit with strong UK and global presence, primarily targeting SMBs but increasingly moving upmarket. Competes with iplicit for the same mid-market finance teams outgrowing entry-level tools.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Iplicit social profiles
Digital presenceIplicit compliance and trust
Trust signalCompliance1 record
Iplicit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Iplicit leadership team
Management profileNumber of profiles
Profiles7 records
Iplicit funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Iplicit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Iplicit
What does Iplicit do?
Iplicit sells a cloud-native, mid-market financial management SaaS platform that delivers multi-entity and multi-currency accounting, real-time reporting, automated workflows, group consolidation, stock and inventory, and unlimited accounting dimensions, replacing on-premises and entry-level systems with enterprise-level capability. It bundles an open API for integrations with banks, HMRC, Excel, EpicCare, Fusion and other operational systems, and adds an embedded payments module (iplicitPay) and an AI-enabled analytics and reporting suite (iplicit Insights) for finance teams at UK and Ireland organisations.
Is Iplicit a public or private company?
Iplicit is a private company. It is classified as venture growth investor backed and is currently operating.
When was Iplicit founded?
Iplicit was founded in 2013. It employs 51 to 100 people.
Where is Iplicit based?
Iplicit is headquartered in London, United Kingdom, in the Europe region.
How does Iplicit make money?
Three revenue lines are on record. Annual Recurring Revenue (ARR) is the primary driver. The others are implementation and onboarding services and channel partner resale margins.
Who are Iplicit's main competitors?
Clear Books is listed as a regional player. Pennylane is listed as an emerging player. Broad incumbents are Microsoft Dynamics 365 Business Central, SAP Business One, Sage Group and NetSuite (Oracle). Direct peers are Odoo, Xero, Acumatica and QuickBooks Online (Intuit).
Does Iplicit have an API?
Yes. iplicit offers an open API that enables integration with hundreds of other systems including banks, HMRC, Excel, EpicCare patient records, Fusion Care Home Management software, and other operational systems. Developers can use the API to build seamless integrations with third-party applications, enabling automated data flows and eliminating siloed data. Customers cite the API as a key criterion when selecting iplicit over competitors, particularly for tech companies needing to connect CRMs, data warehouses, and billing tools.
What industry is Iplicit in?
Iplicit's product category is Cloud Accounting Software. Its primary akta.pro industry code is FSAAAAAI, Execution-Only / Self-Directed Investing Platforms. Its NAICS code is 51321 and its SIC code is 7372.