Kony
Kony was a US digital banking SaaS provider and mobile application development platform serving enterprise financial institutions; acquired by Temenos in 2022, its technology now powers Temenos Infinity and Temenos Quantum, with non-banking services transitioned to HCL Volt MX.
- Company typePrivate
- Founded2007
- HeadquartersAustin, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingSoftware
What Kony does
Kony was a mobile application development platform provider founded in 2007 in Austin, Texas, that evolved into the leading US digital banking SaaS company. The company built cloud-native, cloud-agnostic, API-first software enabling banks to deliver consistent digital front-office experiences across retail, corporate, commercial, credit union, and Islamic banking segments. Its product portfolio centered on a multiexperience development platform that allowed enterprise customers to build and deploy digital app experiences across channels and devices.
In 2022, Kony was acquired by Temenos, a global banking technology provider listed on the SIX Swiss Exchange. Kony's technology was integrated into Temenos Infinity, the cloud-native digital banking product, and Temenos Quantum, the multiexperience development platform for banking services. Simultaneously, Temenos entered an exclusive partnership with HCL Software to serve non-banking customers through HCL Volt MX, a low-code application development platform that succeeded Kony's multiexperience technology for non-financial-services use cases. Following the acquisition, Kony no longer operates as an independent entity; its assets are now distributed across the Temenos Infinity, Temenos Quantum, and HCL Volt MX product lines, with developer ecosystem support maintained through the Temenos Base Camp Community.
Pre-acquisition, Kony monetized through enterprise SaaS contracts with financial institutions, supported by a global partner network for delivery, sales, and technology integration. The company raised approximately $152 million in funding across multiple rounds from 2011-2019, with notable participation from SoftBank Group, Insight Venture Management, Georgian, Hamilton Lane, Delta-v Capital, and Titanium Ventures. Kony also executed two acquisitions (Sky Technologies in 2012 and Pivotus Ventures in 2018) to expand capabilities. Pricing and detailed revenue mechanics were not publicly disclosed in the available sources.
Kony firmographics
Firmographics- Name
- Kony
- Legal name
- Kony
- Website
- https://kony.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Acquired
- Headcount range
- 1,001–5,000 employees
- Short description
- Kony was a US digital banking SaaS provider and mobile application development platform serving enterprise financial institutions; acquired by Temenos in 2022, its technology now powers Temenos Infinity and Temenos Quantum, with non-banking services transitioned to HCL Volt MX.
- Ownership category
- akta.pro rank
Kony industry classification
Industry- Product category
- Digital Banking Software
- NAICS
- Computer Systems Design Services (541512), Computer Systems Design and Related Services (54151)
- SIC
- Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Digital Banking & Neobank Platforms (BPAMAFAD)
- akta.pro secondary industries
- Customer Experience & Engagement (CRM, Support, Rewards, Loyalty) (FSAGAAAM), Digital Account Opening & Onboarding (eKYC, eSignature, Origination) (FSAGAAAB)
Keywords
Where Kony is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Markets served
Kony business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Distribution channels4 records
Marketing channels6 records
Kony product offering
Product offeringCore offering
Kony was a digital banking SaaS company that provided a cloud-native, multiexperience application development platform and digital front-office banking software. Banks used Kony's platform to build and run consistent, frictionless digital banking journeys across retail, corporate, and commercial segments. Following its 2022 acquisition by Temenos, the digital banking capabilities were integrated into Temenos Infinity and the multiexperience platform into Temenos Quantum.
Product overview
Kony was a leading digital banking SaaS company in the US that was acquired by Temenos. Kony's innovative technology accelerated Temenos Infinity, the cloud-native digital banking product. For non-banking services, Temenos and HCL partnered to develop and market Quantum, the multiexperience development platform, with HCL launching Volt MX to support non-banking services. The portfolio consists of Temenos Infinity (digital front-office banking), Temenos Quantum (multiexperience development platform), Temenos Base Camp Community (developer resources), and HCL Volt MX (low-code application development).
Differentiator
Problem solved
Functional benefit
Products and services
- Temenos Infinity (formerly Kony digital banking) Cloud-native digital banking platform providing front-office capabilities for retail and corporate banking, enabling banks to deliver consistent, frictionless customer journeys across all channels.
- Temenos Quantum (formerly Kony Quantum) Multiexperience development platform that empowers developers to build best-in-class digital app experiences across all channels for banking customers.
- Temenos Base Camp Community Developer community platform providing resources, support, and collaboration tools for Temenos platform users.
- HCL Volt MX (successor for non-banking services) Industry-leading low-code application development platform that empowers professional developers, enterprise architects, and digital designers to rapidly deliver consumer-grade digital experiences across any device for non-banking customers.
Companies that use Kony
Customer profileSegments4 records
Ideal customer profiles1 record
Kony technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Kony partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- HCL SoftwarecoreExclusive agreement between Temenos and HCL to develop and market Quantum, the leading multiexperience development platform. HCL launched Volt MX to support non-banking services while Temenos continues banking services with Temenos Quantum.
Scale indicators1 record
Recent moves6 records
Expansion highlights5 records
Kony competitors and assessment
Company assessmentDirect peers
- Temenos: Parent acquirer of Kony and global leader in core, digital, and wealth banking software; directly comparable cloud-native digital banking and multiexperience development products (Temenos Infinity and Quantum) originate from Kony's technology.
- nCino: Cloud-native digital banking and loan origination platform serving commercial and small business banks; competes head-to-head with Temenos Infinity in the US mid-market digital banking space Kony targeted.
- Alkami Technology: US-focused digital banking platform for banks and credit unions; offers a SaaS digital channel similar to Temenos Infinity, targeting the same community and regional bank segment Kony historically served.
- Q2 Holdings: Provider of digital banking and lending solutions to US community banks and credit unions; competes with Temenos Infinity on the digital front-office for regional and community financial institutions.
- Backbase: Cloud-native digital banking platform with strong presence in Europe and North America; offers retail, business, and wealth engagement layers that directly overlap with Temenos Infinity's front-office capabilities.
Emerging players
- Mambu: Cloud-native core banking platform gaining traction with neobanks and challenger banks; represents a younger generation of SaaS core banking competing for the same digital transformation budgets as Temenos Infinity.
- 10x Banking: Cloud-native core banking platform serving UK, European, and selected global banks; competes with the Temenos Infinity and core banking stack for Tier 1 and Tier 2 bank modernization mandates.
Broad incumbents
- FIS (Fidelity National Information Services): One of the largest incumbent banking technology providers globally, offering digital, core, and payments platforms; competes with Temenos/Kony at the top of the bank market and in North American digital channels.
- Jack Henry & Associates: US-focused incumbent banking technology provider serving community and mid-tier banks; offers a digital banking suite that overlaps directly with Temenos Infinity's US go-to-market.
- Fiserv: Major US banking and payments technology incumbent; provides digital, core, and merchant solutions overlapping with Temenos's North American banking footprint, including digital account opening and onboarding.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Kony social profiles
Digital presenceKony financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kony leadership team
Management profileNumber of profiles
Profiles4 records
Kony funding detail
Funding detailFunding overview
Funding rounds9 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kony M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kony
What does Kony do?
Kony was a digital banking SaaS company that provided a cloud-native, multiexperience application development platform and digital front-office banking software. Banks used Kony's platform to build and run consistent, frictionless digital banking journeys across retail, corporate, and commercial segments. Following its 2022 acquisition by Temenos, the digital banking capabilities were integrated into Temenos Infinity and the multiexperience platform into Temenos Quantum.
When was Kony founded?
Kony was founded in 2007. It employs 1,001 to 5,000 people.
Where is Kony based?
Kony is headquartered in Austin, United States, in the North America region.
Who are Kony's main competitors?
Direct peers on record are Temenos, nCino, Alkami Technology, Q2 Holdings and Backbase. Emerging players are Mambu and 10x Banking. Broad incumbents are FIS (Fidelity National Information Services), Jack Henry & Associates and Fiserv.
Does Kony have an API?
No public API is recorded for Kony.
What industry is Kony in?
Kony's product category is Digital Banking Software. Its primary akta.pro industry code is BPAMAFAD, Digital Banking & Neobank Platforms, with a secondary code of FSAGAAAM, Customer Experience & Engagement (CRM, Support, Rewards, Loyalty). Its NAICS code is 541512 and its SIC code is 7373.