ECGI Holdings Inc. (OTC: ECGI), and Irvine, California-based technology-driven investment and development company, has signed a binding Letter of Intent (LOI) to acquire RezyFi Inc., a mortgage lender licensed in 29 states, in a stock-for-stock deal valued at approximately $30 million.
Under the terms of the LOI, ECGI will acquire 100% of RezyFi’s outstanding equity through the issuance of preferred shares in a non-cash transaction designed to preserve shareholder value. Upon the completion of the transaction, RezyFi will become a wholly owned subsidiary of ECGI Holdings.
ECGI said the acquisition marks its expansion into the financial technology sector, adding that the combined company will leverage AI-driven loan processing and blockchain-enabled fractional mortgage investing to streamline lending operations and improve access to mortgage-backed investments.
“This acquisition positions ECGI to bridge the gap between traditional mortgage lending and next-generation financial technology,” said Jamie Steigerwald, president of ECGI Holdings. “We see tremendous potential in combining RezyFi’s nationwide licensing and operational infrastructure with our expertise in capital markets and technology. This marks a transformative step toward redefining how mortgages are originated, financed, and traded.”
John Vu, CEO of RezyFi Inc., added: “Joining ECGI will accelerate our evolution into a technology-driven mortgage platform. We’re excited to collaborate on implementing AI and blockchain solutions that make lending faster, smarter, and more accessible for investors and borrowers alike.”
