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Mark Cuban-backed Otto raises $4.5M to turn car equity into credit – TechCrunch

Otto, a fintech startup which aims to allow people to tap into their vehicleโ€™s equity for access to credit, has raised $4.5 million in a seed round of funding. The Dallas-based company is building a mobile platform that will essentially let people borrow against their vehicles at the same interest rate as standard credit cards. […]
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