Figure Acquires Kiavi for $717M to Expand Blockchain Lending
Figure Technology Solutions agreed to acquire AI-driven real estate lending platform Kiavi for $717 million. The deal includes a joint venture with Sixth Street to acquire Kiavi’s balance sheet assets. The acquisition adds over $7 billion in annual first-lien origination volume to Figure’s blockchain marketplace and $100 million monthly flow to its Democratized Prime platform. Kiavi CEO Arvind Mohan will become Figure’s Chief Business Officer. The combined entity targets a 60% EBITDA margin and under four-year payback.
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Figure Technology Solutions to Acquire Kiavi in $717 Million Deal
Figure Technology Solutions Inc. (FIGR) has entered a definitive agreement to acquire Kiavi, an AI-powered platform for residential real estate investors, in a $717 million transaction. As part of the deal, a joint venture between Figure and Sixth Street will acquire Kiavi's balance sheet assets. The acquisition aims to scale Figure's tokenized asset marketplace by adding $7 billion in annual first-lien loan volume and over $100 million in monthly flow to its Democratized Prime platform. The integration will leverage Figure's blockchain infrastructure and AI-driven Adaptor product to reduce costs and improve efficiency, while maintaining a medium-term 60% EBITDA margin target. Kiavi CEO Arvind Mohan will join Figure's executive team as Chief Business Officer. The deal positions Figure to capture a larger share of the $200 billion annual residential real estate origination market, with expected earnings accretion and an unlevered cash payback in under four years.
Yahoo FinanceFigure to Acquire Kiavi in $717 Million Blockchain Lending Push
Figure Technology Solutions (NASDAQ: FIGR) has agreed to acquire Kiavi, an AI-powered lending platform for real estate investors, for $717 million. The deal includes Figure gaining control of Kiavi's technology and operating platform, while a joint venture with Sixth Street will acquire Kiavi's balance sheet assets. The acquisition brings the largest residential transition loan lender into Figure's blockchain-native marketplace, adding a first-lien asset class to its tokenized lending rails. Figure expects the deal to open a $200 billion annual addressable origination opportunity, add over $7 billion in new annual first-lien volume, and generate more than $100 million in monthly flow. Kiavi reported over $250 million in revenue and over $100 million in EBITDA last year. The transaction is expected to be accretive to earnings per share with an unlevered cash payback under four years.
Yahoo FinanceFigure to Acquire Kiavi in $717 Million Blockchain Lending Push
Figure Technology Solutions (NASDAQ: FIGR) has agreed to acquire Kiavi, an AI-powered lending platform for real estate investors, in a $717 million deal. The acquisition gives Figure control of Kiavi's technology and operating platform, while a joint venture between Figure and Sixth Street will acquire Kiavi's balance sheet assets. The transaction brings the largest residential transition loan lender into Figure's marketplace and adds a first-lien asset class to its tokenized lending rails. Kiavi provides short-term residential transition loans and long-term rental property loans. Figure said the acquisition opens a $200 billion annual addressable origination opportunity and is expected to add more than $7 billion in new annual first-lien volume. Kiavi generated over $250 million in reported revenue and over $100 million in EBITDA last year. Figure expects the deal to be accretive to earnings per share with unlevered cash payback in under four years.
Yahoo FinanceFigure to acquire AI-powered real estate lending platform Kiavi for $717 million
Blockchain startup Figure has agreed to acquire AI-powered real estate lending platform Kiavi in a deal valued at $717 million. Kiavi, which offers short-term residential transition loans and longer-term debt service coverage ratio loans, is expected to add $7 billion in annual volume to Figure's balance sheet immediately after purchase. This includes about $100 million in monthly flow on Figure's blockchain-native warehouse marketplace, Democratized Prime. Figure CEO Michael Tannenbaum stated the acquisition advances tokenization and agentic AI. Investment firm Sixth Street will join Figure in a joint venture to buy loans off Kiavi's balance sheet. Kiavi CEO Arvind Mohan will become Figure's chief business officer after the deal closes. Kiavi reported about $250 million in revenue and $100 million in EBITDA last year. The companies see a $200 billion annual addressable origination opportunity.
Yahoo FinanceFigure Agrees $717 Million Kiavi Acquisition to Expand Blockchain-Based Lending Ecosystem
Figure Technology Solutions (NASDAQ: FIGR) has agreed to acquire Kiavi, an AI-driven lending platform for residential real estate investors, in a $717 million deal. Kiavi's balance sheet assets will be acquired by a joint venture between Figure and Sixth Street. The acquisition is expected to add over $7 billion in annual first-lien origination volume to Figure's Connect marketplace and more than $100 million per month to its blockchain-native warehouse funding platform, Democratized Prime. Figure, which claims 75% of real-world asset tokenization activity, sees the deal as accelerating blockchain-based capital markets adoption. The combined business is expected to support a 60% EBITDA margin target and achieve an unlevered cash payback period of less than four years. Kiavi's platform will also be the first application of Figure's new AI product, Adaptor. Kiavi CEO Arvind Mohan will join Figure as Chief Business Officer.
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