reAlpha Completes InstaMortgage Deal, Two State Approvals Pending
reAlpha Tech completed its roughly $8.5 million acquisition of InstaMortgage on Aug. 19, with reAlpha potentially paying up to another $6.5 million over three years via cash or shares, including at least $1.5 million in cash. The combined platform now covers 38 states and Washington, D.C., though two state approvals were still outstanding. Trailing transaction volume rose 70% to $150.4 million, while Q2 revenue fell 11% to $1.1 million.