NEW YORK–(BUSINESS WIRE)–CIBC Innovation Banking is pleased to announce a multi-million dollar growth capital facility for Practice Ignition Pty Ltd. (“Practice Ignition”), a leading accounting and client engagement platform. Practice Ignition plans to use the financing to deepen its investment in its proprietary product and technology, and further accelerate its global growth momentum.
Practice Ignition provides a client engagement platform and front office system of record for accountants and bookkeepers that facilitates proposals, payments and business insights.
“CIBC Innovation Banking is pleased to support Practice Ignition in its global expansion and continued development of its comprehensive accounting management solution,” said Caroline Tkatschow, Director in CIBC Innovation Banking’s New York office. “Their top tier management team has developed a highly scalable platform that is uniquely positioned to dramatically disrupt and transform the accounting industry.”
Through one digital signature, Practice Ignition automates dynamic workflows, payment collection, and provides valuable data insights to enhance the customer relationship and drive business growth.
“We are focused on building the front end system of record for accountants and bookkeepers as they re-imagine their practices to run in the cloud and transform the way they engage with, and deliver services to, their clients,” said Guy Pearson, Chief Executive Officer and…