Figure Technology Solutions Signs Deal To Acquire Lending Platform Kiavi For $717M

Figure Technology Solutions

FIGR

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Figure Technology Solutions, Inc. ("Figure, NASDAQ:FIGR, OPEN: FGRS), the blockchain-native capital marketplace for the origination, funding, sale, and trading of tokenized assets, today announced a definitive agreement to acquire Kiavi, an AI-powered lending platform for residential real estate investors. The transaction includes the purchase of Kiavi's balance sheet assets by a joint venture between Figure and Sixth Street, a leading global investment firm, which is buying loans off Kiavi's balance sheet. The total transaction purchase price is $717 million.

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