HyperGrowth Tech Firm IPLICIT PAPER IS THE MIDDLE OF BREAKING LIGHT AND LIKE A UNICORN
One of the fastest growing tech companies in the UK has announced the relocation of its headquarters to Bournemouth, as the Account positions caused by IPL-Up itself became a South Coast billionaire “Unicorn”.
The company – which offers a next-generation accounting platform for medium-sized businesses and assistance – will support its pre-financing group 1 IPLICIT previously operated from London and Poole under the first model.
IPLICIT has been on a path of exponential growth since it started marketing in 2019, going from 11 to 198 employees and gaining 48,000 daily users in 103 countries. The business was named among Europe’s fastest growing companies in the Financial Times FT1000 RING FTIMS AND has shown annual growth of 100% per year for seven consecutive years.
In January, the company secured £25 million from the Wristion Fund, which previously raised £18.5 million from members of the management team during its bootstraged period. The new investment is driving new product innovations, including expanded mobile capabilities and AI-driven functionality.
CEO Lyndon Stickley said Bournemouth provided the right foundation for the company’s next phase. “We needed a dynamic place that could do it with us and put the next Unicorn on the South Coast – and we found it at Patch,” he said. Styley added that IPLICIT fills a “critical gap” in the mid-market, with 100,000 UK organizations still relying on aging, structural finance systems.
“Software Legacy has blessed us in this market for 30 years,” he said. “IPLICIT is rapidly emerging as the UK’s leading financial solution
Local employment is expected to increase significantly, with IPLICIT targeting 330 employees by 2028, most working remotely across the UK and Ireland but with a growing presence in Bournemouth but with Bournemouth Busina.
Patch CEO Freddie Fforcre says Iplicit’s arrival reflects the company’s vision to bring high-growth firms to the city’s established facilities. “IPLICIT is proof that big tech businesses can be built anywhere,” he said. “Bournemouth would be very proud.”
Stickey said the new HQ is shaping up to be an important year for the company. “Our Intel tells us we’ve shipped more systems than any other vendor in the space,” he said. With more than 50 channel partners, including many of the UK’s top accountancy firms, “we are well placed to continue to grow at a rapid pace.”
