KPMG and MarketInvoice form alliance to help business owners raise finance
Customers will now be able to access the P2P invoice lending service through KPMG's accounting software platform
Professional services firm KPMG has partnered with peer-to-peer (P2P) lender MarketInvoice to help small businesses access the finance “they need to grow”.
The alliance will give customers of KPMG’s Small Business Accounting Service direct access to MarketInvoice’s platform, and will also include access to a business education programme incorporating regional events, webinars, e-books and online ‘accountancy clinics’ for small business owners.
Launched in 2011 by Ilya Kondrashov and 2013 Young Guns Anil Stocker and Charles Delingpole, Startups 100 listed MarketInvoice is an online platform which enables businesses with turnover of £100,000 to £100m to selectively sell their unpaid invoices to a pool of global investors.
To date, the company has helped business owners raise over £450m.
On the deal, MarketInvoice’s Stocker commented: “The world of finance is changing; fintech companies offer new ways for business to access finance quickly, simply and transparently, direct from their accounting software.
“It’s great that KPMG is backing this movement, and is helping to make more businesses aware of the latest funding options available to them. We’re excited to work together to drive the growth of UK small businesses and the economy.”
Bivek Sharma, head of small business accounting at KPMG, added:
“This alliance […] will help KPMG customers to access finance as quickly as they require it. By combining cloud-based accounting services with online finance, businesses can access the funds they need more easily than ever.”