KPMG Acquires FinTech Matchmaker Matchi

Blockchain, FinTech, Innovation, Investing, News | May 12, 2017 By:

KPMG International has acquired global FinTech innovation and matchmaking platform Matchi. The value of the acquisition was not disclosed.

KPMG is a global network of professional firms providing audit, tax, and advisory services. The company is one of the so-called “Big Four” auditors, along with Deloitte, Ernst & Young and PricewaterhouseCoopers.

Founded in 2013, Hong Kong-based Matchi brings people together to establish collaborative relationships and new business opportunities. The Matchi platform includes over 700 curated FinTech solutions and a database of more than 2,500 FinTech companies. Financial institutions can find new companies that can apply FinTech capabilities to solving their business problems and pursuing new market opportunities. New features and functionality are being planned for the Matchi platform in the coming months, according to KPMG.

Ian Pollari, Global Co-leader of FinTech at KPMG International, said that 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,” he said.

Since its launch, Matchi claims it has connected more than 100 leading banks and insurance companies with FinTech innovations, including solutions in next generation payments, regtech, blockchain and P2P insurance.

“Combining the Matchi platform with the exceptional knowledge and skills of KPMG professionals creates a powerful FinTech resource,” said Matchi CEO David Milligan. “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.”