KPMG announces new strategic alliance with Marketinvoice

Research from KPMG shows that under current growth rates, big banks stand to lose 10 per cent of their market share to alternative finance providers in the next five years.

The alliance between KPMG and alternative finance provider MarketInvoice will enable customers of KPMG’s Small Business Accounting service to access MarketInvoice finance directly through their accounting software.

The alliance will also include a business education programme incorporating regional events, webinars, e-books and online ‘accountancy clinics’ for small business owners.

Ian Beaumont, an enterprise partner, at KPMG in Leeds, said: “Our objective is to help our customers grow and run their businesses as effectively as possible. This alliance supports that goal, as it 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.”

Anil Stocker, CEO of MarketInvoice, said: “The world of finance is changing; fintech companies like MarketInvoice offer new ways for businesses 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 UK businesses aware of the latest funding options available to them.”