Figure Acquires Kiavi for $717 Million, Expanding Residential Lending Reach

Figure Technology Solutions has completed its acquisition of real estate lender Kiavi's technology, operating platform and certain other assets under a deal announced in June. The total purchase price was $717 million.

The integration of Kiavi's residential transition and DSCR lending technology into Figure's blockchain-based capital marketplace is expected to bring more than $7 billion in annual loan volume into its platform.

Kiavi CEO Arvind Mohan will join Figure as chief business officer and oversee the rollout of the platform across Figure's network. The acquisition expands Figure's position in residential lending, with first-lien loans projected to account for more than 40% of full-year marketplace volume by 2027.