Figure to Acquire Kiavi, Expanding Its Blockchain Marketplace

Figure to acquire Kiavi’s technology and operating platform; a joint venture between Sixth Street and Figure to acquire Kiavi’s balance sheet assets. With this transaction, the #1 Residential Transition Loan (“RTL”)1 lender joins the leading home equity marketplace. Moving Kiavi assets natively onto blockchain marketplace rails extracts cost efficiencies, slashes friction, and maintains capital light business model and high margins. Acquisition adds over $7 billion in new annual first-lien volume to Figure Connect marketplace and more...

Vergent Appoints John Martinez as Chief Transformation Officer

Vergent, a complete, end-to-end lending platform, has announced the appointment of John Martinez as Chief Transformation Officer. John brings nearly three decades of executive leadership and operational experience in sub-prime and alternative financial services, with deep expertise in digital lending, omnichannel transformation, operational scaling, and portfolio growth. In his new role, John will serve as a strategic bridge between Product, Technology, Client Operations, Sales, and Vergent’s clients, ensuring the platform and services align with real-world lender needs and...

Credibly Launches Dynamic Offers to Boost ISO Flexibility, Deals

Credibly, the leading GenAI-powered lending platform for SMBs, announced today the launch of Dynamic Offers, a powerful new feature within its redesigned Offer Calculator. This enhancement empowers Independent Sales Organizations (ISOs) to customize stipulations on deals, taking control of what documentation to provide based on the amount selected. ISOs can then send deals directly to Online Checkout, offering a new level of speed and convenience to their merchants in the funding process. As part of...

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