KPMG buys fintech innovation platform Matchi
KPMG International has agreed to acquire Matchi, a fintech innovation and matchmaking platform, for an undisclosed sum.
Launched in 2013, Matchi connects financial institutions such as banks and insurers with fintech startups and solutions sourced from across the globe to help address various problems.
Users of the platform can gain access to its database of over 2,500 fintech firms and over 700 curated fintech solutions.
In order to be eligible for the Matchi platform, fintech firms and solutions are reviewed and undergo a curation process. At the same time, financial institutions can also use the platform’s Innovation Challenge capability to present problems to the global fintech market and get recommendations from fintech innovators.
KPMG International global co-leader of fintech Ian Pollari said: “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.”
“Finding fintech companies who are pre-validated, helps to reduce risks and can accelerate time to market. KPMG financial services professionals are helping clients to navigate through the ‘noise’ of the rapidly changing fintech environment and take advantage of emerging technologies that can enable new business models and strategies,” Pollari added.