PwC US acquires financial services IT consultancy Kunai

PwC US has agreed to acquire Kunai, a San Francisco Bay Area-based IT consulting firm focusing on the financial services industry.

Founded in 2001, Kunai helps financial institutions and payment networks develop and implement solutions in AI, cloud-first web, mobile, and infrastructure platforms.

The firm, which has over 400 employees listed on LinkedIn, has practices in product development, AI and automation, cloud engineering, and data engineering.

PwC’s acquisition of Kunai will scale its existing offerings in the financial services space and bolster its engineering capabilities.

“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,” said Tyson Cornell, advisory leader at PwC US.

The acquisition, for which financial terms were not disclosed, builds on PwC’s recent deals for technology-specialist firms – including Surfaceink, Sagence, Netrovert, ACTS, and EagleDream. The Big Four firm says the additions have reinforced its focus on engineering, scalable solutions, advanced analytics, enhanced collaboration, and connectivity.

“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,” said Sandeep Sood, CEO of Kunai.