Figure Acquires AI Residential Lending Platform Kiavi for $717 Million

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According to ChainCatcher, Figure Technology Solutions announced it is acquiring AI-powered residential lending platform Kiavi for $717 million. Figure and Sixth Street's joint venture will also acquire Kiavi's loan assets on its balance sheet. Kiavi is a leading U.S. residential transition lending (RTL) platform, and the transaction is expected to add over $7 billion in annual first-lien loan volume to Figure Connect marketplace and bring monthly asset flows exceeding $100 million to its Democratized Prime on-chain warehouse market.
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