Netcapital Inc. signed a nonbinding letter of intent to acquire the mortgage banking assets of Resmac Inc. for $5 million in an all-stock transaction. This move integrates residential lending into Netcapital’s capital markets technology suite, leveraging AI-powered strategies to create a dedicated platform for financial services growth. Fintech professionals should monitor the potential spinout of the new SD Holdco subsidiary, which could eventually emerge as an independent public company.
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Ali NematiWritten by Ali
