Figure acquires Kiavi, a residential transition loan platform, to expand its home equity marketplace.
RWA & Tokenization ·
Figure has closed an acquisition of Kiavi, a residential transition loan platform, to expand its home equity marketplace. The move adds lending capabilities focused on residential transition financing to Figure's existing equity-focused product suite.
Kiavi specializes in short-term financing for residential property transitions, a segment adjacent to the home equity lending market. By integrating the platform, Figure combines its marketplace infrastructure with transition loan origination, potentially enabling cross-product workflows between home equity access and residential lending workflows.
The specifics of the transaction—including deal terms, timing of full integration, and how Kiavi's loan products will be positioned within Figure's broader offering—remain unclear from available announcements.