Figure to Acquire Kiavi for $717M, Eyeing a $200 Billion Annual Lending Market

Figure Technology Solutions agreed to buy Kiavi’s technology and operating platform in a $717 million deal, aiming to place more private-credit lending activity onto its blockchain marketplace. Figure said the transaction could add more than $7 billion in annual first-lien loan volume and over $100 million in monthly flow to its Democratized Prime platform, while targeting a $200 billion annual origination market.