B2B Payments

KPMG Names Latest Small Biz Collaboration


Accountancy firm KPMG has focused on forging new partnerships in the FinServ space in an effort to get closer to its small and medium-sized enterprise clients.

The company announced last September that it is linking with InvestDen, a debt crowdfunding site, to provide its SME customers with a way to access working capital. Only weeks later, KMPG struck a deal with supply chain firm Taulia, which streamlines payments between buyers and suppliers, provides digital invoicing tools and offers supplier management solutions.

Now, KPMG is yet again targeting its SME customers by collaboration. The company announced Saturday (Jan. 16) that it will be working with FUNDING XCHANGE, an online alternative lending portal for SMEs.

The platform allows small businesses a platform on which they can access and compare lending offers from a slew of FinServ companies, like MarketInvoice and Boost Capital.

“The emergence of alternative funding in recent years has given business owners the chance to regain control of funding their business, but the rapid pace of innovation can be baffling for borrowers,” said FUNDING XCHANGE Founder and Chief Executive Katrin Herrling in a statement.

[bctt tweet=”‘The rapid pace of innovation can be baffling for SME borrowers.'”]

That’s where KPMG comes in. The company’s head of small business accounting, Bivek Sharma, added that by linking with FUNDING XCHANGE, its customers under the small business accounting arm can view and compare various options to accessing loans.

According to reports, FUNDING XCHANGE provides choices from 25 different lenders and allows SMEs to access their choices within 10 minutes.

Among those lenders is Metro Bank, yet another FinServ company that has recently struck up a relationship with KPMG. Last year, the companies announced plans to collaborate and link KPMG’s small business clients with Metro Bank’s lending services.


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