Figure 7.17 Acquisition of the AI real estate loan platform Kiavi for 100 million USD

Figure Technology Solutions announced that it will acquire the AI real estate loan platform Kiavi for a total price of $717 million; at the same time, Figure's joint venture with Sixth Street will acquire the loan assets on Kiavi's balance sheet.

Figure stated that Kiavi is a leading platform in the U.S. residential transition loan (RTL) sector, and this transaction is expected to add over $7 billion in first mortgage scale annually to the Figure Connect market, bringing over $100 million in asset flow monthly to its on-chain storage market, Democratized Prime.