Kiavi, a San Francisco-headquartered private lender to residential real estate investors, has been acquired by Figure Technology Solutions Inc. (NASDAQ: FIGR), a blockchain-native capital marketplace for tokenized assets, in a $717 million transaction.
Kiavi’s AI-powered platform includes short-term Residential Transition Loans (RTL) and long-term rental property loans known as Debt Service Coverage Ratio (DSCR) loans. According to the companies, the transaction represents a $200 billion annual addressable origination opportunity that will be brought onto Figure’s tokenized rails.
Following the deal close, Kiavi CEO Arving Mohan will join Figure’s executive team as chief business officer.
“For the past 13 years, Kiavi has been focused on powering our data flywheel and proving what’s possible when technology and industry expertise converge,” said Mohan. “This transaction represents a massive leap forward for the asset class. With Kiavi’s industry-leading platform powered by Figure’s innovative blockchain marketplace, we have the opportunity to deliver an entirely new – and unmatched – standard of reach, reliability, and execution.”
“Figure is relentless in our pursuit of moving the capital markets onto blockchain rails, and nine months past our successful IPO, this Kiavi transaction is a further pole vault into tokenization, first-lien diversification and our agentic AI platform,” said Michael Tannenbaum, Figure’s CEO. “Adding Kiavi’s RTL and DSCR capabilities into our partner network will symbiotically supercharge their growth and the growth of our consumer loan marketplace.”
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