Crypto
Figure to buy AI-based real estate loan platform Kiavi for $717 million
Nasdaq-listed fintech company Figure Technology Solutions will acquire AI-based residential real estate loan platform Kiavi for $717 million. Figure will buy Kiavi’s technology and operating platform. It will also form a joint venture with investment firm Sixth Street and separately purchase Kiavi loan notes. Figure offers a home equity line of credit, a credit card-like product with a set limit that can be borrowed and repaid repeatedly, with limits rising as home values increase.
