Decimal Acquires KPMG Spark

Decimal is on a mission to solve accounting operations for small and medium-sized businesses (SMBs). 

Today, we’re excited to announce that Decimal has acquired the cloud-based bookkeeping technology and service and certain other assets of KPMG Spark. The acquisition of Spark pushes Decimal another step closer to our mission of solving accounting operations for small-to-midsize-businesses (SMBs), while accelerating our growth and adding to the Decimal team.  

Accounting operations and bookkeeping for SMBs is broken. Despite the digitization of banking and proliferation of great point solutions across the fintech stack, paying bills, getting paid, and tracking it all has remained painfully manual, expensive, and time-consuming. Business owners, entrepreneurs, finance teams, and nonprofit executives desperately want to focus on building their organizations, not accounting. We’re building Decimal to let them do that.

Until now, Decimal’s solution has focused on mid-sized SMBs, integrating with QuickBooks Online. This acquisition expands Decimal’s offering, giving us a solution and an integrated ledger for smaller businesses. We’re excited to integrate KPMG Spark’s technology into Decimal and extend our ability to help a wider range of SMBs save time and money so they can focus on the things that matter most.

When KPMG approached us this summer, we knew immediately that exploring an acquisition was a no-brainer. We already had four former KPMG Spark employees on staff. The opportunity to add more talented people to our team, an integrated ledger, and the ability to help smaller companies or independent contractors, made it an easy decision. 

If you’re a SMB with less than 200 employees burdened with accounting operations (day-to-day bookkeeping, financial reporting, bill pay, etc.), I invite you to try Decimal. We serve clients across a wide range of industries: professional services, non-profits, ecommerce, fast-growing tech, and more. 

To our existing clients, thank you for choosing Decimal. We really appreciate you. Keep sending us your feedback, and if you know anybody that has pain in their current accounting operations, please send them our way.

To our new KPMG Spark clients, we look forward to earning your trust, and your business for years to come. If there are ways we can make your lives easier, please don’t hesitate to let us know. 

We’re just getting started and are looking forward to the next chapter.

For more information, please visit https://www.decimal.com/services.