ECGI Holdings (OTC: ECGI) announced the signing of 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. The all-share transaction will result in RezyFi becoming a wholly owned subsidiary of ECGI following due diligence and execution of definitive agreements. The acquisition marks ECGI's strategic entry into financial technology, combining AI-driven loan processing and blockchain-enabled fractional mortgage investing to streamline lending and expand investor access to real estate-backed products.
The transaction represents a significant expansion for ECGI Holdings, which describes itself as a technology-driven investment and development company focused on building innovative, technology-enabled businesses with sustainable, long-term revenue models. The company's portfolio and strategic interests span high-growth sectors including artificial intelligence, fintech, fashion technology, and experiential hospitality. ECGI's current investments include AuraChat.ai, an AI conversational platform transforming business communication; Payday Fantasy, a next-generation fantasy sports marketplace; TrueToForm, an AI-powered 3D body-scanning software improving fit accuracy in e-commerce; Pacific Saddlery, a luxury equestrian apparel and equipment brand; and Vintner's Caldera Ranch, a five-acre vineyard and rental property in California's wine country.
The acquisition of RezyFi positions ECGI to leverage emerging technologies in the mortgage lending space, particularly through the integration of artificial intelligence and blockchain capabilities. The combination of AI-driven loan processing with blockchain-enabled fractional mortgage investing could potentially transform how real estate lending operates, making the process more efficient while creating new investment opportunities for a broader range of investors. This strategic move aligns with ECGI's stated approach of leveraging emerging technologies to unlock new revenue opportunities and position its portfolio for accelerated growth and broader market visibility.
Investors seeking additional information about ECGI can access the company's newsroom at https://ibn.fm/ECGI. The announcement was distributed through InvestorWire, a specialized communications platform that is part of the Dynamic Brand Portfolio delivering advanced wire-grade press release syndication for private and public companies. InvestorWire provides access to a vast network of wire solutions, article and editorial syndication to over 5,000 outlets, enhanced press release services, social media distribution, and tailored corporate communications solutions. Additional details about InvestorWire's services are available at https://www.InvestorWire.com.
