Transaction · Mortgage Tech · 2026

Figure acquires AI-powered mortgage lender Kiavi

Figure acquired AI-powered mortgage lender Kiavi for $717M on June 10, 2026.

Target
AI-powered mortgage lender Kiavi
Acquirer
Figure
Deal value
$717M
Announced
June 10, 2026
Sub-sector
Mortgage Tech

Transaction overview

  • Figure announced the acquisition of AI-powered mortgage lender Kiavi on June 10, 2026 for $717M.
  • The deal is expected to close pending customary conditions.

Strategic rationale

Figure acquires AI-powered mortgage lender Kiavi for $717M, signaling consolidation in digital lending.

Deal terms & multiples

Deal value
$717M
Target revenue
Target EBITDA
EV / Revenue
EV / EBITDA
Announcement
June 10, 2026
Acquirer
Figure (Strategic)
Sub-sector
Mortgage Tech

Frequently asked questions

How much did Figure pay for AI-powered mortgage lender Kiavi?

Figure acquired AI-powered mortgage lender Kiavi for $717M, announced on June 10, 2026.

When did Figure announce the acquisition of AI-powered mortgage lender Kiavi?

Figure announced the acquisition of AI-powered mortgage lender Kiavi on June 10, 2026.

What sub-sector is AI-powered mortgage lender Kiavi in?

AI-powered mortgage lender Kiavi is tracked in the Mortgage Tech sub-sector.

Sources

  • bankingdive.com /news/figure-kiavi-ai-real-estate-lending-platform-717-million-sixth-street/822530/