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Cape Town - KPMG, the multinational professional services firm, said on Wednesday it has acquired Matchi, a financial technology (fintech) company, for an undisclosed amount as KPMG seeks a foothold in the increasingly lucrative fintech sector. 

The Johannesburg and Hong Kong based Matchi said it has worked with more than 100 leading banks and insurance companies around the world. The company provides a searchable portal of fintech solutions and provides bespoke solutions. It operates in Africa, Japan, Canada, Mauritius and India. Pierre Fourie, a financial services director at KPMG South Africa, said the acquisition of Matchi would strengthen the company’s fintech market proposition.

 “The Matchi platform offers a curated approach that is much more rigorous than fintech databases that merely provide lists. Its design makes it easy to identify, match and enable collaboration with the most innovative fintechs and global solutions to address the most pressing needs of clients,” he said.