BREAKING — Ignition customers processed $3.1B through the platform in 2025 FOUNDED 2013 — Sydney, Australia by accountant Guy Pearson & Dane Thomas SCALE7,500+ firms & agencies run on Ignition FUNDING$75M+ raised, incl. a $50M Series C led by JMI Equity LEADERSHIPGreg Strickland named CEO in Jan 2025 OUTCOME78% cut late payments, 85% reduced scope creep BREAKING — Ignition customers processed $3.1B through the platform in 2025 FOUNDED 2013 — Sydney, Australia by accountant Guy Pearson & Dane Thomas SCALE7,500+ firms & agencies run on Ignition FUNDING$75M+ raised, incl. a $50M Series C led by JMI Equity LEADERSHIP — Greg Strickland named CEO in Jan 2025 OUTCOME78% cut late payments, 85% reduced scope creep
Company Profile · Fintech / SaaS

Ignition

The Sydney-born platform that turned the dreaded engagement letter into a click-to-pay proposal - and got 7,500 firms to run their billing on it.

Proposals · Billing · Payments · Est. 2013 · Sydney & San Francisco
Ignition logo - orange four-point spark
The Ignition “spark” mark. An accountant's fix for unpaid invoices, now the rail for billions in client payments a year.
Vol. 1 · Business Desk · Filed from Sydney & San Francisco · Formerly “Practice Ignition”
The Story

Getting paid, on purpose

How a spreadsheet grudge became a revenue-automation platform

Every service business shares a quiet indignity: the work is done, the client is happy, and the money still hasn't arrived. In 2009, a Sydney accountant named Guy Pearson kept running into that gap. He watched e-commerce companies take payment the instant a customer clicked “buy,” then looked at his own practice - proposals typed in Word, invoices chased by email, cash arriving whenever it felt like it. The contrast bothered him enough to build the alternative.

That alternative soft-launched at Xerocon in 2012 as Practice Ignition, and became a company in 2013 when Pearson and product designer Dane Thomas formally founded it. The premise was narrow but sharp: make the engagement letter - the document that defines the work and its price - the same moment the client signs and agrees to pay. Do that, and everything downstream (the invoice, the reminder, the reconciliation) can run on its own.

The wedge worked. In 2014 the company added integrated payments, so firms could collect fees directly off an accepted proposal. Recurring billing followed. By the time it dropped “Practice” from its name in 2021 and raised a $50 million Series C, Ignition had stopped being a proposal tool and become something closer to a revenue operating system for professional services.

The scale of what flows through it is the tell. Ignition customers processed roughly $3.1 billion through the platform in 2025, up from about $3 billion the year before. Over its first decade the company handled more than $2.7 billion in client payments and 2.3 million accepted proposals. Those are not vanity numbers - they are the sum of thousands of small firms deciding to route their money through one place.

What Ignition sells, ultimately, isn't software. It's the removal of an awkward conversation - the one about money - from the relationship between a firm and its client. Price it once, sign it once, and let the system do the asking.

“2025 was about enabling service-based businesses to unlock more revenue and predictable cash flow while driving efficiency at scale.” Greg Strickland · CEO, Ignition
By the numbers
$3.1B
Processed in 2025
7,500+
Customer firms
$75M+
Total raised
2013
Founded in Sydney
The Mechanics

What it does, who it's for

One platform to sell, bill, and get paid

What it does

Ignition combines digital proposals, engagement terms with e-signature, automated recurring and one-off invoicing, and integrated payment collection into a single connected workflow - replacing a stack of documents, spreadsheets and follow-up emails.

Who uses it

Accounting firms, bookkeepers and tax practices form the core, alongside a growing base of marketing agencies, consultants and other professional-services businesses. Its 7,500+ customers collectively serve more than a million end clients.

Problems it solves

Late payments, scope creep, and the manual busywork between winning a client and getting paid. Ignition reports 78% of customers reduced late payments and 85% cut scope creep by pricing and signing work up front.

The Outcomes

What customers report

Self-reported results from firms using proposal, billing and payment automation
Reduced scope creep85%
Cut late payments78%
North America revenue growth (CEO's first year)50%
Platform volume growth 2024 → 2025 (illustrative)~3%

Figures per Ignition company disclosures; final bar shown illustratively (~$3.0B→$3.1B).

Products & Services

Under the hood

2013

Proposals & Engagement Letters

Branded, digital proposals with built-in engagement terms and e-signature that clients accept and pay on in a single step.

2014

Billing & Payment Automation

Automated recurring and one-off invoicing with integrated card and direct-debit collection, reconciled back to the ledger.

2017

Proposal Options

Tiered service packages let clients self-select and upgrade at the moment of acceptance - upselling without a sales call.

2021

Revenue & Workflow Automation

Automated renewals, reminders, reconciliation and revenue reporting to reduce scope creep and stabilise cash flow.

Ecosystem

Integrations

Two-way connections with Xero, QuickBooks Online, Gusto, Karbon, ProConnect, XPM, Zapier and Slack.

Model

How it charges

Tiered SaaS subscription (from ~$39/month billed annually) plus per-transaction fees on payments collected through the platform.

Igniting a spark - the energy of winning a client, then getting paid without lifting a finger.

The Ignition brand ethos
The Field

Where it fits, and against whom

How it's different. Plenty of tools do slices of this - PandaDoc and Proposify make proposals, Qwilr makes quotes, generic invoicing lives in Xero and QuickBooks. Ignition's distinction is bundling the whole chain (proposal → agreement → invoice → payment → renewal) and building it specifically for accounting and professional-services billing, rather than as a general document tool.

Where it fits. Ignition sits in the middle of the modern practice stack - the connective tissue between a firm's CRM, its accounting ledger, and its bank. Rivals like Anchor go lighter and cheaper (no subscription, per-payment fees), while suites like Dubsado go broader into full client-journey workflows. Ignition's bet is depth in the money layer.

Competitive set

  • Anchor - autonomous, no-subscription billing
  • Dubsado - full client-management workflows
  • PandaDoc / Proposify - document & proposal tools
  • Qwilr · DealHub · Cone - quotes & CPQ
  • Manual - Word + Xero/QuickBooks + email chasing
The Record

A decade in eight beats

2009

The spark

Accountant Guy Pearson notices how automated e-commerce feels next to his manual firm - and imagines a fix.

2012

Soft launch at Xerocon

The product debuts to the Xero community as “Practice Ignition.”

2013

Company founded

Pearson and Dane Thomas formally launch the company in Sydney.

2014

Payments added

Integrated processing lets firms collect fees on proposals; Real Ventures leads seed funding.

2017

Proposal Options

Tiered packages enable upselling at the point of client acceptance.

2021

Rebrand & $50M Series C

Practice Ignition becomes Ignition and raises $50M led by JMI Equity, with Tiger Global and EVP.

2023

Ten years, $2.7B processed

The platform marks a decade with 6,000+ firms; adds $15M in debt financing.

2025

New leadership

Greg Strickland becomes CEO and Amy Foo CFO; customers process ~$3.1B through the platform.

The file

Legal name
Practice Ignition Pty Ltd
Founded
2013
HQ
Sydney, Australia
Also in
San Francisco, USA
Team
~330 employees
Revenue
~$46.7M (2024 est.)
Sector
Fintech · SaaS

The people & the money

CEO
Greg Strickland (2025–)
Chair
Guy Pearson (co-founder)
Co-founder
Dane Thomas
CFO
Amy Foo (2025–)
Series C
$50M, 2021, JMI Equity
Backers
Tiger Global, EVP, Real Ventures
Debt
$15M, Aug 2023
Marginalia

Things you may not know

  • The idea dates to 2009, sparked by a founder envying how e-commerce got paid instantly.
  • It soft-launched as “Practice Ignition” at Xerocon 2012 before dropping “Practice” in 2021.
  • Co-founder Guy Pearson was a practicing accountant - he built the tool to fix his own billing headaches.
  • Though headquartered in Sydney, much of its recent revenue growth comes from North America.
Reader Questions

FAQ

What does Ignition do?
Ignition lets professional-services firms create digital proposals with engagement terms, then automates the invoicing and payment collection that follows - all in one connected workflow.
Was Ignition formerly called Practice Ignition?
Yes. It launched as Practice Ignition in 2012–2013 and rebranded to Ignition in 2021 as it expanded beyond accounting into broader professional services.
Who uses Ignition?
Accounting firms, bookkeepers, tax practices, marketing agencies and consultants - more than 7,500 businesses globally.
How much has Ignition raised?
Roughly $75M+ across multiple rounds, including a $50M Series C led by JMI Equity in 2021 and $15M in debt financing in 2023.
What does Ignition cost?
It uses tiered SaaS subscriptions (starting around $39/month billed annually) plus per-transaction fees on payments collected through the platform.
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Where to find Ignition

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