Figure Closes Kiavi Acquisition for $717 Million
Nasdaq-listed Figure completes acquisition of Kiavi assets, integrates platform into Figure Connect, and appoints Arvind Mohan as chief business officer.
Figure (Nasdaq: FIGR) has completed its acquisition of Kiavi's technology, operations platform and certain other assets.
Kiavi's brand, platform and technology will integrate into Figure's network of more than 480 ecosystem partners via Figure Connect.
Kiavi CEO Arvind Mohan joins Figure as chief business officer.
The transaction was valued at $717 million and funded in part by $600 million senior notes issued via private placement.
The scale of any operational or revenue impact on Figure remains undisclosed.