Kiavi

Polymarket

2026-09-07 03:42:00

Funding Weekly: Polymarket raises $1 billion, Figure buys Kiavi for $717 million

PANews’ weekly funding roundup counted 10 blockchain funding deals worldwide between Aug. 31 and Sept. 6, with disclosed capital topping $1.28 billion. The largest crypto financing in the period was Polymarket’s new $1 billion round, led by 1789 Capital with roughly $300 million, according to The Wall Street Journal, which cited people familiar with the matter. Figure Technology Solutions also announced a $717 million acquisition of AI real estate lending platform Kiavi, adding its lending operations to Figure’s blockchain infrastructure. Elsewhere in crypto, Firelight Protocol raised $8 million for a DeFi risk product, bank-backed digital currency network Cari secured $32.5 million from a group of banks, Felix Pago closed a $200 million Series B combining equity and credit, and onchain bank OpenReserve raised a $25 million seed round led by a16z crypto. The report also tracked a broader surge in AI and robotics capital, including Crusoe’s $3 billion financing at a $30 billion valuation, Gimlet Labs’ $300 million round, iPronics’ $125 million Series B, and Lyte’s $165 million Series C. In addition, the article reviewed major M&A activity and new fund formation across the AI and venture market.

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Figure

2026-09-02 06:44:40

Figure Completes $717M Acquisition of Kiavi, Integrating Real Estate Lender into Blockchain Market

Blockchain fintech company Figure Technology Solutions has completed its acquisition of real estate lender Kiavi for $717 million. The deal will integrate Kiavi's lending technology and residential investor loan products into Figure's blockchain-based capital markets platform. Figure announced the transaction on September 1. (Source: Crypto.news)

880

Figure

2026-09-02 02:00:00

Figure closes Kiavi acquisition and moves its lending technology into Figure Connect

Figure has completed its previously announced acquisition of Kiavi, an AI real estate lending platform, according to ChainCatcher. The deal covers Kiavi’s technology and operating platform, along with certain other assets. Figure said Kiavi’s brand, platform, and technology will be folded into its network of more than 480 ecosystem partners, while its blockchain-native marketplace, Figure Connect, will be used to broaden the reach of the lending technology involved in the transaction. The acquisition also brings a management change. Kiavi Chief Executive Officer Arvind Mohan is joining Figure as chief business officer. Figure had disclosed earlier that the total consideration for the Kiavi purchase would be $717 million. To support the acquisition, the company planned a private offering of $600 million in senior notes. Figure trades on Nasdaq under the ticker FIGR.

820

Figure

2026-08-12 09:32:27

Figure’s valuation gap centers on a business Wall Street still treats like a lender

A joint memo from Artemis Analytics and North Island Ventures argues that Figure is being valued as a conventional balance-sheet lender even as its business shifts toward a lighter marketplace model. The report points to a sharp rise in partner-originated flow, rapid expansion at Figure Connect, and a larger share of revenue coming from platform-style fees rather than capital-intensive lending activity. In the first quarter of 2026, partners accounted for 78% of platform flow, Connect volume climbed to $1.6 billion from $8 million in the fourth quarter of 2024, and ecosystem and technology fees reached 28% of revenue, up from 5%. The authors say that shift matters because Connect lets Figure collect underwriting and distribution fees without taking on the same customer acquisition burden, warehouse funding needs, or credit exposure tied to its legacy model. They also point to two possible supply drivers: a recovery in second-lien home equity lending and Figure’s pending acquisition of Kiavi, which they say could double the company’s first-lien business. The memo argues that current consensus expectations and valuation multiples still do not fully capture that transition, while also laying out risks including weaker housing activity, underwriting becoming more commoditized through AI, pricing deterioration, and governance concerns tied to the company’s dual-class structure.

1600

Figure

2026-07-23 05:10:17

Figure Agrees to $717 Million Kiavi Acquisition to Expand Real Estate Tokenization

Figure plans to acquire Kiavi for $717 million and move its lending operations onto blockchain infrastructure. Kiavi is expected to add about $7 billion in annual volume.

1840

Figure

2026-07-22 18:00:14

Figure Acquires Kiavi in $717M Deal, Pushes Real Estate Lending Tokenization

Figure Technology Solutions acquires Kiavi for $717 million, moving the largest US residential transition loan originator onto its blockchain marketplace and expanding tokenized lending with AI platform Adaptor.

1900

Figure

2026-06-11 03:00:51

Figure to Acquire Kiavi for $717 Million and Bring Loan Assets Into Blockchain-Native Capital Markets

Figure Technology Solutions has signed a definitive agreement to acquire AI-driven real estate investment lending platform Kiavi for total consideration of $717 million, while also forming a joint venture with Sixth Street to acquire loans on Kiavi’s balance sheet.

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