FinanceThe Block2 days ago
Figure acquires Kiavi for $717 million
1 min read
Blockchain startup Figure acquired AI-powered real estate lending platform Kiavi for $717 million. Kiavi provides short-term residential transition loans and longer-term debt service coverage ratio loans. The deal adds $7 billion in annual volume to Figure's balance sheet, including $100 million in monthly flow on Democratized Prime. Sixth Street joined a venture buying loans off Kiavi's balance sheet.
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