Figure to buy AI-powered real estate lending platform Kiavi

This acquisition signals a massive shift in how technology drives financing for residential property projects. Figure Technology Solutions is acquiring Kiavi, a leader in AI-powered lending for real estate investors. For contractors and home improvement professionals, this matters because it consolidates high-tech lending power under one roof. Figure is already a dominant force in the HELOC (Home Equity Line of Credit) market. By adding Kiavi’s AI capabilities, they are moving toward a faster, more automated loan approval process for property renovations. The deal includes a $717 million investment backer, which provides the capital needed to keep loan volume high. For the merchant or contractor, this likely means more robust financing options for clients looking to fund large-scale remodels or 'fix-and-flip' projects. The integration of AI into these platforms usually results in quicker 'yes' or 'no' decisions for your customers. It also suggests that the barrier between traditional banking and fintech is continuing to disappear. Expect to see more streamlined, digital-first applications appearing at the point of sale in the home services sector as Figure integrates these advanced AI tools into their broader lending ecosystem.

Source: Banking Dive

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