AcquisitionsJun 10, 2026, 07:31 AM
Figure to acquire Kiavi for $717M; JV with Sixth Street for assets
AI Summary
Figure Technology Solutions, Inc. announced a definitive agreement to acquire Kiavi, an AI-powered lending platform for residential real estate investors, for $717 million. A joint venture between Figure and Sixth Street will acquire Kiavi’s balance sheet assets. This acquisition is expected to add over $7 billion in new annual first-lien volume to Figure Connect and more than $100 million monthly to Democratized Prime, supporting Figure's mission to bring assets onto blockchain and reinforcing its 60% medium-term EBITDA margin target.
Key Highlights
- Figure to acquire Kiavi's technology and operating platform for $717 million.
- Joint venture between Figure and Sixth Street to acquire Kiavi's balance sheet assets.
- Acquisition adds over $7 billion in new annual first-lien volume to Figure Connect marketplace.
- Adds more than $100 million monthly to Democratized Prime.
- Kiavi's platform represents a $200 billion annual addressable origination opportunity.
- Figure reaffirms its 60% medium-term EBITDA margin target.
- Kiavi reported over $250 million in revenue and over $100 million in EBITDA last year.
- Unlevered cash payback expected in less than four years.
Price Impact
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