Figure Completes $717 Million Acquisition of Kiavi

Figure has announced the completion of its acquisition of AI real estate loan platform Kiavi for a total price of $717 million. The acquisition includes Kiavi's technology and operational platform, as well as certain other assets. Kiavi's brand, platform, and technology will be integrated into Figure's network of over 480 ecosystem partners, expanding the reach of related lending technologies through Figure Connect. Kiavi's CEO Arvind Mohan will join Figure as Chief Business Officer.

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