Figure Enters into Agreement to Acquire Kiavi, Bolstering Blockchain-Native Marketplace

Figure Technology Solutions announced a definitive agreement to acquire Kiavi, an AI-powered lending platform for residential real estate investors, for $717 million. The transaction includes a joint venture with Sixth Street to acquire Kiavi's balance sheet assets. The acquisition is expected to add $7 billion in annual first-lien volume to Figure's marketplace, advance its tokenization mission, and support Figure's 60% medium-term EBITDA margin target with accretion to earnings per share and payback in under four years.