SHIFT · US
Figure buys AI-powered real estate lending platform Kiavi for $717M
Figure Technologies acquired Kiavi, an AI-native mortgage origination platform, for $717M. Sixth Street will co-invest and securitize off-platform loans, vertically integrating lending and servicing.
WHY IT MATTERS
Consolidation of AI lending tech into large fintech originator. Signals that proprietary AI underwriting + origination + servicing is now a defensible moat; expect similar vertical rollups in BNPL, SMB lending.
Source: Banking Dive · 2026-06-10