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FAQ: ECGI Holdings' $30 Million Acquisition of Licensed Mortgage Lender RezyFi
TL;DR
ECGI Holdings gains strategic advantage by acquiring RezyFi to enter fintech with AI-driven loan processing and blockchain mortgage investing capabilities.
ECGI Holdings acquires RezyFi through a stock-for-stock transaction valued at $30 million, making RezyFi a wholly owned subsidiary after due diligence.
This acquisition improves mortgage lending efficiency through AI and blockchain technology, making real estate investment more accessible to broader audiences.
ECGI Holdings enters fintech by acquiring a mortgage lender licensed in 29 states, combining AI processing with blockchain-enabled fractional mortgage investing.
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ECGI Holdings has signed a binding Letter of Intent to acquire RezyFi Inc., a mortgage lender licensed in 29 states, in a stock-for-stock deal valued at approximately $30 million.
This is an all-share, stock-for-stock transaction where RezyFi will become a wholly owned subsidiary of ECGI following due diligence and execution of definitive agreements.
This acquisition marks ECGI's strategic entry into financial technology and combines AI-driven loan processing with blockchain-enabled fractional mortgage investing to streamline lending and expand investor access to real estate-backed products.
ECGI Holdings is a technology-driven investment and development company focused on building innovative, technology-enabled businesses with sustainable, long-term revenue models across sectors including artificial intelligence, fintech, fashion technology, and experiential hospitality.
ECGI's current portfolio includes AuraChat.ai (AI conversational platform), Payday Fantasy (fantasy sports marketplace), TrueToForm (AI-powered 3D body-scanning software), Pacific Saddlery (luxury equestrian brand), and Vintner's Caldera Ranch (vineyard and rental property).
The acquisition is pending due diligence and the execution of definitive agreements before RezyFi becomes a wholly owned subsidiary of ECGI.
RezyFi is a mortgage lender licensed in 29 states across the United States.
The latest news and updates relating to ECGI are available in the company's newsroom at https://ibn.fm/ECGI
The acquisition will combine AI-driven loan processing with blockchain-enabled fractional mortgage investing to create more efficient lending processes and broader investment access to real estate products.
The stock-for-stock transaction is valued at approximately $30 million.
Curated from InvestorBrandNetwork (IBN)
