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New auto derivative to allow lenders to hedge price exposure

Exponential Exchange closed $7.3M seed funding round last week

Joey Pizzolato

Auto lenders will soon be able to hedge used-vehicle price exposure on an open derivatives market. Exponential Exchange, a Washington, D.C.-based startup founded in 2021, has set its sights on creating a market in which auto lenders, insurance providers and rental companies, among others, can hedge volatile used-vehicle value fluctuations in an open futures market, […]

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