Firm News

Jun 7, 2021

Spare Change Movement: Pittsburgh DFS Start-Up Hedge Sports Rides Momentum of Ifrah Pitch Award

Think of all the loose change you could save from one trip out of the house when running a few errands.

Taking a page from several well-known start-ups in the Fintech space, Hedge is the first gaming platform that allows users to convert digital change into fantasy sports. While interest in legal sports betting and daily fantasy sports has soared since the repeal of PASPA three years ago, innovation among gaming app platforms has lagged behind those offered through micro-investing apps, according to Hedge CEO Jackson Fitzgerald. Two in particular, Acorns and Stash, have cornered the market for a concept known as “spare change investing.”