4 days ago
PwC US to acquire Kunai
PwC US has signed a definitive agreement to acquire substantially all the assets of Kunai, a leading agile software consultancy specializing in AI, cloud-first web, mobile and infrastructure platforms for the financial services industry.
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This proposed strategic acquisition aligns with PwC's commitment to helping clients reach the leading edge of their industries by combining deep expertise with powerful technology-driven and innovative solutions. The addition of Kunai's expertise enables PwC to scale existing offerings in the FS space, specifically strengthening its engineering capabilities into existing and new banking clients, to accelerate growth and provide critical capabilities.
'The acquisition of Kunai accelerates our strategy to lead in tech-enabled transformation within the Financial Services sector,' says Tyson Cornell, PwC US Advisory Leader. 'By acquiring Kunai, we're enhancing our ability to deliver engineering-led solutions that combine deep financial domain knowledge with agile, scalable technology. This move positions PwC to meet growing client demand for end-to-end transformation services—helping banks and financial institutions modernize core systems and embrace AI so they can unlock new value at speed and scale.'
Founded in 2015, Kunai is an integrated team of world class product managers, software engineers, and designers with deep experience building for every major use case in fintech. Kunai's history of groundbreaking achievements and ingenuity makes them an ideal fit for PwC's growth strategy.
'Joining forces with PwC represents an exciting new chapter for Kunai,' says Sandeep Sood, CEO of Kunai. 'With access to PwC's extensive resources and global network, we're poised to accelerate innovation and amplify the impact we deliver to clients. Together, we'll be a stronger product-building strategic provider in financial technology—expanding our reach, deepening our offerings and driving smarter, faster solutions that help financial institutions thrive in a rapidly evolving digital economy.'
This proposed acquisition comes at a time when PwC is helping clients across industries navigate intense business uncertainty. PwC's recent Value in Motion research report reveals that in 2025 alone, up to $7.1 trillion in revenue will be redistributed across the global economy as companies reinvent their business models. Organizations that adapt quickly to the uncertainty will be best positioned to capture new growth and stay ahead.
Kunai's work with leading financial institutions and leading payment networks has allowed it to create solutions to many of the industry's biggest technological challenges. Kunai brings to PwC a number of core competencies, including:
Mobile & Web Product Development
AI & Automation
Cloud Engineering
Data Engineering
Core Banking Systems
The proposed acquisition builds on the firm's recent strategic acquisitions, demonstrating PwC's commitment to driving innovation and digital transformation both internally and for its clients. Previous acquisitions, such as Surfaceink, Sagence, Netrovert, ACTS, and EagleDream, have reinforced PwC's focus on engineering, scalable solutions, advanced analytics, enhanced collaboration, and connectivity.
The proposed acquisition is subject to customary closing conditions. The financial terms of the agreement were not disclosed.
