What reAlpha does

reAlpha Tech Corp. (Nasdaq: AIRE) is a Dublin, Ohio-headquartered, AI-focused real estate technology company that operates a vertically integrated platform combining real estate brokerage, mortgage origination, and digital title services for U.S. consumers. Founded in November 2020 by Giri Devanur, reAlpha began as a short-term rental marketplace funded by a $6M seed round led by Crawford Hoying (2021) and a $200M financing facility from Churchill Real Estate (2022), before pivoting toward a commission-free, cash-back brokerage model. The company went public in November 2023 via an $8M Nasdaq listing and has since pursued an aggressive M&A strategy, acquiring AiChat (Singapore conversational commerce, 2024), Debt Does Deals LLC d/b/a Be My Neighbor (mortgage brokerage in 26 states, September 2024), USRealty Brokerage Solutions (brokerage licensing in up to 33 states, November 2024), and Prevu Inc. (digital homebuying platform in 12 states + DC, November 2025), with a definitive agreement to acquire InstaMortgage Inc. for ~$8.5M (pending H1 2026 close) adding direct mortgage lending across 32 states.

The platform's technology stack rests on a generative AI buyer's agent embedded in the reAlpha mobile Super App (iOS), the Claire AI assistant, an internal AI Loan Officer Assistant with automated borrower income analysis (September 2025), and an AI-Powered Engagement Assistant (November 2025) for mortgage lead management and conversion. Subsidiary AiChat Pte. Ltd. (Singapore) provides conversational commerce and AI ticketing integrated with Shopify for eCommerce brands. Underlying integrations include MLS listing data feeds, credit-bureau data for mortgage workflows, and integrations with 100+ wholesale lenders for mortgage product distribution.

reAlpha's revenue model is predominantly transaction-based: real estate brokerage commissions on purchases (with up to a 1% rebate as closing-cost credit), additional 0.5% rebate when bundled with reAlpha Mortgage (total up to 1.5% of purchase price), mortgage origination fees via the wholesale lender network (NMLS #1743790), title services via Hyperfast Title, and a smaller SaaS/subscription stream from AiChat. The company also generates non-recurring capital via public equity offerings, warrant exercises, and a $20M ATM program. As of FY2025, reported revenue was approximately $4.5 million (376% YoY growth) against a Q1 2026 net loss of $4.3M and a market capitalization of approximately $38M (March 2026), following a 1-for-25 reverse stock split in April 2026 and a 25% workforce reduction announced May 2026 targeting ~$2M in annualized savings.

Name

reAlpha

Legal name

reAlpha Tech Corp.

Website

https://realpha.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

reAlpha is a publicly traded AI-powered real estate platform combining brokerage, mortgage, and title services for individual homebuyers across 31+ U.S. states, with a conversational-commerce subsidiary (AiChat) serving Shopify eCommerce merchants.

Ownership category

akta.pro rank

Product category

Real Estate Services

NAICS

Offices of Real Estate Agents and Brokers (53121), Real Estate Property Managers (53131), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Real Estate Agents & Managers (For Others) (6531), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Residential Real Estate Brokerage (Buy/Sell) (FSAEAJAA)

akta.pro secondary industries

Real Estate Tokenization Platforms (FSADAEAC), Mortgage Point-of-Sale (POS) & Borrower Intake Portals (FSALALAD), E-commerce & Digital Business Brokerage (FSAEAIAH)

Keywords

• Real estate technology
• Mortgage brokerage services
• Title and escrow services
• AI-powered real estate
• Conversational commerce platform

Headquarters

HQ city

Dublin

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Technology or R&D, Operations, Others

Revenue model

1. Real estate brokerage commissions: Commission revenue from reAlpha Realty, Prevu Real Estate, and Continental Real Estate Group real estate transactions, with a rebate of up to 1% of the home purchase price returned to eligible buyers as closing cost credit.
2. Mortgage origination (reAlpha Mortgage): Revenue from origination of mortgage loans through Debt Does Deals, LLC D/B/A Be My Neighbor D/B/A reAlpha Mortgage (NMLS #1743790), accessing 100+ wholesale lenders across 31 states with conventional, FHA, VA, USDA, Jumbo, and 203(k) products.
3. Direct mortgage lending (pending InstaMortgage acquisition): Pending acquisition of InstaMortgage Inc. (~$8.5M) will add direct mortgage lending capabilities (in addition to brokerage), with InstaMortgage having facilitated over $4B in loan originations across 3,500+ borrowers in 32 states.
4. Title services: Revenue from Hyperfast Title — comprehensive, digital title services meeting the dynamic needs of reAlpha customers as part of the vertically integrated platform.
5. AiChat conversational commerce SaaS for eCommerce: Subsidiary AiChat Pte. Ltd. provides conversational commerce and AI ticketing platform for Shopify-integrated eCommerce brands (AI co-pilot, catalog sync, automated support).
6. Public equity financings: Capital raised via public offerings of units (shares + warrants), registered direct offerings, warrant exercises, and at-the-market (ATM) offerings (ATM increased to $20M); not recurring operating revenue but funding for operations and acquisitions.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels10 records

Core offering

reAlpha operates a vertically integrated, AI-powered real estate platform that combines brokerage (reAlpha Realty), mortgage origination (reAlpha Mortgage, via Debt Does Deals LLC), and digital title services (Hyperfast Title) under a single consumer-facing experience. The platform is anchored by the reAlpha mobile Super App featuring a generative AI buyer's agent, with a distinctive cash-back rebate model offering up to 1.5% of the home purchase price at closing. Its subsidiary AiChat Pte. Ltd. extends the company's AI capabilities into Shopify-integrated conversational commerce for eCommerce brands.

Product overview

reAlpha operates a vertically integrated AI-powered real estate technology platform rather than a single product. The offering centers on the reAlpha mobile Super App and is composed of three core branded service lines that work together across the homebuying journey: reAlpha Realty (AI-powered brokerage/real estate services, operated via reAlpha Realty LLC and the acquired Prevu brokerage entities), reAlpha Mortgage (a mortgage brokerage with access to 100+ lenders, operated as Debt Does Deals LLC d/b/a reAlpha Mortgage, NMLS #1743790, and including the planned InstaMortgage direct lending acquisition), and Hyperfast Title (digital title and escrow services). Adjacent AI-powered products include Claire (an investor-engagement AI product), the AI-powered Engagement Assistant and AI Loan Officer Assistant (mortgage workflow automation), and AiChat (a conversational commerce/AI-ticketing platform integrated with Shopify operated by reAlpha's subsidiary AiChat Pte. Ltd.). Acquisitions such as Be My Neighbor, Prevu, USRealty Brokerage Solutions, and the planned InstaMortgage deal extend the platform into additional states and service capabilities (mortgage brokerage, direct lending, brokerage licensing).

Differentiator

Problem solved

Functional benefit

Brands

• reAlpha Realty: AI-powered real estate brokerage services (FL and GA licensed, plus nationwide coverage via affiliated brokerages).
• reAlpha Mortgage
• Hyperfast Title
• Claire
• Prevu
• AiChat
• REAL ESTATE SUPER APP

Products and services

• reAlpha mobile Super App Consumer-facing real estate super app (iOS) providing AI-powered home search, tours, offers, and closing in a single interface, including a generative AI buyer's agent.
• reAlpha Realty AI-powered real estate brokerage division that helps users search homes, book tours, make offers, and close, with expert agent support; operated by reAlpha Realty, LLC (FL and GA licensed) plus the Prevu and Continental Real Estate Group brokerage entities covering additional states. Includes cash-back rebate of up to 1% of home purchase price returned to eligible buyers as closing cost credit.
• reAlpha Mortgage
• Hyperfast Title Comprehensive, digital title and escrow service designed to meet the dynamic needs of reAlpha customers as part of the vertically integrated homebuying flow.
• AiChat Singapore-based conversational commerce and AI ticketing platform operated by reAlpha subsidiary AiChat Pte. Ltd., enabling in-chat product discovery, transactions, AI-assisted sales co-pilots, and customer support integrated with Shopify for eCommerce brands.
• reAlpha Mortgage Loan Options Suite of 20+ loan programs offered through reAlpha Mortgage, including FHA Loans, Jumbo Loans, 203(k) Loans, USDA Loans, Conventional Loans, and VA Loans.
• reAlpha Mortgage Refinance Refinance offering through reAlpha Mortgage that includes Rate & Term Refinance, Cash-Out Refinance, FHA Streamline Refinance, and VA IRRRL, supported by a network of 30+ wholesale lenders.
• Homebuying Hub Integrated hub announced alongside Q1 2026 financial results, supporting reAlpha's vertically integrated real estate platform strategy by combining realty, mortgage, and title capabilities for homebuyers.

Quantifiable outcome

• Median 2025 cash-back rebate of $10,450 per homebuyer (reAlpha Realty / Prevu)
• +5 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability10 records

Feature6 records

Partnerships

14 partnerships are on record, tiered core (pending acquisition), core (acquisition), secondary (investment), core (nationwide brokerage network), secondary, core (aichat integration) and core (subsidiary).

• InstaMortgage Inc.core (pending acquisition)Strategic or Co-development Partner · 22 December 2025Definitive agreement to acquire for ~$8.5 million in cash and common stock; pending close in H1 2026 subject to regulatory approval. Founded 2008, San Jose, CA; $4B+ loan originations across 3,500+ borrowers in 32 states. Adds direct mortgage lending capabilities and expands into NY, NJ, IL, OH markets.
• Prevu Inc.core (acquisition)Strategic or Co-development Partner · 21 November 2025Acquired November 21, 2025. Prevu is a digital homebuying platform operating across 12 states and Washington D.C.; adds 11 new markets and integrates Prevu's technology and team into reAlpha's platform. Co-founder Thomas Kutzman subsequently became reAlpha's CFO and CEO of reAlpha Realty.
• USRealty Brokerage Solutions, LLCcore (acquisition)Strategic or Co-development Partner · 21 November 2024Acquired November 21, 2024 to obtain brokerage licenses in up to 33 states and expand U.S. footprint by end of 2025. Aimed at streamlining nationwide growth plans.
• Unreal Estate Inc.secondary (investment)Strategic or Co-development Partner · 21 November 2024Investment announced alongside USRealty acquisition (November 2024) to expand U.S. brokerage footprint and obtain licenses in up to 33 states by end of 2025.
• Be My Neighbor (Debt Does Deals LLC)core (acquisition)Strategic or Co-development Partner · 9 September 2024Acquired September 9, 2024. Mortgage brokerage licensed in 26 states, operating as "Be My Neighbor" and rebranded to "reAlpha Mortgage"; adds mortgage lending and refinancing to the AI-powered commission-free homebuying platform. NMLS #1743790.
• Continental Real Estate Group, Inc.core (nationwide brokerage network)Channel Partner/ Reseller/ DistributorLicensed real estate brokerage partner providing nationwide coverage; licensed in AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NH, NJ, NM, NV, NY, OH, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WV, WY. California DRE #2232851.
• GTG Financial Inc.secondaryChannel Partner/ Reseller/ DistributorListed NMLS #1595076 affiliate referenced in reAlpha consumer consent disclosures as a partner in the mortgage/real estate ecosystem.
• Shopifycore (aichat integration)Technology or IntegrationTechnology integration via subsidiary AiChat Pte. Ltd. for conversational commerce platform — enables product discovery, transactions, customer support, AI-assisted sales co-pilots, automated inventory sync, and AI ticketing within Shopify storefronts.
• AiChat Pte. Ltd.core (subsidiary)Strategic or Co-development PartnerSingapore-based conversational commerce platform operating as a reAlpha Tech Corp. subsidiary; provides AI-powered ticketing and in-chat buying solutions, with two Silver awards at MARKies Awards Singapore 2026.
• VStock TransfersecondaryImplementation/ SI/ Consulting PartnerreAlpha's transfer agent; facilitates the exchange of shares for the 1-for-25 reverse stock split effective April 30, 2026.
• The Benchmark Company (Daniel Kurnos)secondaryGTM or Marketing PartnerDaniel Kurnos, Managing Director at The Benchmark Company, moderated reAlpha's "AIRE Time With Mike" X Spaces fireside chat on June 5, 2026.
• DealMakersecondaryTechnology or IntegrationPer reAlpha's Claire Privacy Policy, DealMaker shares investor information with reAlpha pursuant to its Privacy Policy; DealMaker only shares information when investor authorizes through relevant application/agreement.
• Shaner Hotels (Plato Ghinos)secondaryOthersPlato Ghinos (President, Shaner Hotels; Managing Director, Shaner Italia) serves as an Advisor to reAlpha per the Team page.
• Calvin Cooper / RhovesecondaryOthersCalvin Cooper is Founder and CEO of Rhove (acquired by reAlpha) and now serves as Advisor and Director at The Carlton Group.

Scale indicators19 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Opendoor Technologies: Public, AI- and technology-driven real estate company (Nasdaq: OPEN) that buys and sells homes directly, also launching agent matching and mortgage; competes with reAlpha for consumer mindshare in the technology-enabled home transaction space.
• Redfin: Public, technology-powered residential brokerage (Nasdaq: RDFN) offering rebates to home buyers, integrated mortgage, and a national agent network — directly comparable business model to reAlpha's rebate-driven, vertically integrated platform.
• eXp World Holdings: Public, cloud-based residential brokerage (Nasdaq: EXPI) operating a distributed agent model across the U.S. and Canada; comparable to reAlpha's licensed-brokerage aggregation approach and pursuit of national scale.
• Compass: Public, technology-forward residential brokerage (NYSE: COMP) integrating in-house mortgage and title; directly comparable to reAlpha's vertically integrated AI-enabled brokerage-plus-mortgage-plus-title model.
• Offerpad Solutions: Public, technology-enabled home buying/selling company (NYSE: OPAD) using AI-driven pricing and instant offers — a direct iBuying/transaction-platform peer to reAlpha's consumer-facing home transaction model.
• Better Home & Finance Holding Company: Digital-first mortgage lender and recently launched real estate brokerage (Nasdaq: BETR) — a direct comp to reAlpha's digital brokerage + mortgage model targeting homebuyers with a streamlined AI-driven experience.

Broad incumbents

• Zillow Group: Public real estate marketplace leader (Nasdaq: ZG) with consumer search, Premier Agent lead generation, and Zillow Home Loans; a much larger incumbent that defines the online real estate experience reAlpha is targeting.
• Rocket Companies: Public mortgage industry leader (NYSE: RKT) operating Rocket Mortgage, Redfin now owned by Rocket; comparable to reAlpha Mortgage in mortgage origination scale and AI-driven borrower experience.

Emerging players

• HomeLight: Private technology-enabled real estate platform that matches consumers with agents and offers cash offers and a Buy Before You Sell product; comparable in fintech-flavored consumer real estate experience to reAlpha's Super App approach.
• Flyhomes: AI-powered real estate brokerage and mortgage platform that buys homes directly and offers a "Buy Before You Sell" product; a direct technology-forward brokerage + mortgage comp to reAlpha's vertically integrated model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/realpha
• YouTubeyoutube.com/@reAlpha
• Facebookfacebook.com/reAlphaTechCorp
• LinkedInlinkedin.com/company/realpha-tech
• Instagraminstagram.com/realpha

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries12 records

Funding overview

Funding rounds8 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A9 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about reAlpha