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Figure 7.17 billion USD acquisition of the AI real estate lending platform Kiavi

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ME News Report, June 11 (UTC+8), Figure Technology Solutions announced it will acquire the AI real estate loan platform Kiavi for a total price of $717 million; at the same time, a joint venture between Figure and Sixth Street will acquire loan assets on Kiavi's balance sheet. Figure stated that Kiavi is a leading platform in the U.S. residential transitional loan (RTL) sector. The transaction is expected to add over $7 billion annually in loan volume to the Figure Connect market and bring over $100 million in asset flow to its on-chain warehouse market Democratized Prime each month. (Source: ChainCatcher)
PRIME1.50%
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