The acquisition includes a strategic partnership with the investment firm Sixth Street, which will take over Kiavi’s existing balance sheet assets. By absorbing Kiavi’s operations, Figure aims to tap into a $200 billion annual origination market, with the platform projected to contribute approximately $7 billion in new volume each year.
In section Market Quotes
Figure Technology Snaps Up Kiavi for $717 Million
A $717 million deal has bridged the gap between blockchain-based finance and residential property flipping. Figure Technology Solutions is acquiring Kiavi, a specialized lending platform, to integrate its robust pipeline of short-term transition loans and long-term rental property financing into a broader, tokenized asset marketplace.
Kiavi has built its reputation on servicing real estate investors through transition loans and debt service coverage ratio products. For Figure, which specializes in the tokenization of financial assets, this purchase provides a steady stream of tangible real estate credit to feed its marketplace. The shift marks a significant expansion for Figure as it transitions from a niche fintech player into a larger-scale originator of residential mortgage debt.
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