Figure Enters into Agreement to Acquire Kiavi, Bolstering Blockchain-Native Marketplace
Figure has signed a definitive agreement to acquire Kiavi for $717 million, marking a major expansion into the first-lien residential lending market. The deal includes a joint venture with Sixth Street to acquire Kiavi’s balance sheet assets, while Figure takes over the technology and operating platform. This acquisition adds over $7 billion in annual volume to Figure’s marketplace and is expected to be accretive to EPS with a cash payback period of less than four years.
Key figures
- Deal Value Usd
- 717000000
- Addressable market
- $200 billion
- Annual volume added
- $7 billion
- Cash payback period
- less than four years
- Kiavi annual ebitda
- $100 million
- Ebitda margin target
- 60%
- Kiavi annual revenue
- $250 million
- Monthly flow democratized prime
- $100 million
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.