Figure will acquire AI real estate loan platform Kiavi for $717 million.

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Golden Finance reports that on June 11, according to GlobeNewswire, the blockchain financial platform Figure Technology Solutions signed an agreement to acquire AI-driven residential real estate loan platform Kiavi, with a total transaction price of $717 million. The joint venture formed by Sixth Street and Figure will acquire Kiavi's balance sheet assets. Figure expects Kiavi to increase transaction volume by over $7 billion annually. After the deal is completed, Kiavi CEO Arvind Mohan will join Figure as Chief Business Officer.
It is reported that Kiavi is an AI-driven residential real estate investment lending platform with an annual loan issuance scale of over $30 billion. After the transaction is completed, its transitional residential and leasing loan business will be integrated into Figure's on-chain capital markets system.
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