Figure Technology’s $717 million Kiavi acquisition supercharges AI-driven lending and earnings

More than $7B of RTL volume and >$100M/month into Democratized Prime gives Figure Connect a recurring private-credit supply pipe with short-duration, house-backed collateral. Sixth Street keeps the off-chain credit machine institutional while Figure handles distribution, warehouse financing, and loan-data normalization. If Adaptor can turn messy originator files into standardized collateral faster than bespoke tape reviews, that is the moat DeFi credit protocols like Maple and Centrifuge have struggled to industrialize.

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More coverage

• Figure Technology agrees to acquire Kiavi for cash | FIGR 8-K Filing (stocktitan.net)
• Figure to Buy Fix-and-Flip Lender in Deal With Sixth Street (bloomberg.com)
• Figure, Sixth Street Team Up On $717M Kiavi Mortgage Deal (x.com)
• Kiavi acquired by Figure Technology, Sixth Street partnership (asreport.americanbanker.com)
• Figure and Sixth Street to Acquire Non-Agency Lender Kiavi (insidemortgagefinance.com)

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