KPMG acquires fintech firm Matchi

Big four auditing firm KPMG has acquired global innovation and fintech matchmaking platform Matchi that has connected more than 100 leading banks and insurance companies around the world with implementable fintech innovations.

The fintech acquisition enables and brings exiting opportunities for Matchi in order to contribute around the world to successfully navigate the rapidly changing fintech environment.

“Combining the Matchi platform with the exceptional knowledge and skills of KPMG professionals creates a powerful fintech resource. Together, we are positioned to help clients find and deploy the fintech solutions that are most relevant to their business needs. We are fulfilling the promise of collaboration between financial institutions and fintech firms, which can ultimately benefit all consumers and businesses,” David Milligan, CEO, Matchi, said.

The Matchi platform has over 700 curated fintech solutions as well as a database of more than 2500 fintech companies. Also, new features and functionality are being planned for the Matchi platform in coming months.

“The acquisition of Matchi adds to the capabilities of KPMG firms to bring market-validated ideas to financial services clients’ toughest challenges. The Matchi platform offers a curated approach that is much more rigorous than fintech databases that merely provide lists. It is designed to identify, match and enable collaboration with the most innovative fintechs and solutions to address specific issues being faced by financial institutions,” Ian Pollari, Global Co-leader of Fintech, KPMG International, stated.