Octane provides instant financing solutions for lifestyle purchases, specifically targeting items like motorcycles, ATVs, and mowers. Their service allows customers to receive quick credit decisions, making the buying process smoother whether shopping online or in-store. Octane stands out by offering personalized financing options that involve a soft credit pull, meaning customers can check their rates without affecting their credit scores. This approach caters to a wide range of clients, including prime borrowers, credit builders, and first-time buyers. The company's goal is to simplify the financing process, making it more accessible and inclusive for everyone.

Valar Ventures

Contour Venture Partners

Berenson & Company

IA Ventures

Third Prime Capital

Gaingels

Upper90

Parkwood

Alive Capital Partners

Progressive Investment Company

AB CarVal

Fintech

Financial Services

Octane

Rider Insurance, now part of Plymouth Rock, was one of Octane's earliest investors.

Octane secures $500 million funding to expand powersports financing

/PRNewswire/ -- Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, announced that it has...

Octane Raises $50 Million in Series E Funding Round

Transformative Upgrades Make the Industry's Fastest, Easiest Financing Platform Even BetterNEW YORK, April 9, 2024 /PRNewswire/ -- Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, unveiled Dealer Portal 2.0, a significantly upgraded version of its industry-leading dealer platform. Effective immediately, Octane's over 4,000 Powersports and Outdoor Power Equipment (OPE) dealer partners can deliver an even faster, easier financing experience for their customers using Dealer Portal 2.0. Innovative new features include the first-of-its-kind Leads Page, a reimagined Work-the-Deal page, and shorter, smarter credit applications through the company's in-house lender, Roadrunner Financial®, Inc."We deeply value our dealer partners and continually refine our platform to meet their needs," said Mike Dushane, Chief Product Officer at Octane. "By listening to dealers and building a product that directly addresses their feedback, Dealer Portal 2.0 debuts industry-first functionalities and delivers the best financing experience for customers."The Leads Page simplifies closing a deal by helping dealers more easily search, monitor, and filter customer applications and better manage their workflow. For each lead, dealers can view vehicle and buyer information, convert leads into applications, and track an application's status. Dealers enrolled in SafeCheck™ can also access free, no impact credit reports directly from the page to better understand their customers' buying power

Octane Redefines Powersports Lending With The Release Of Dealer Portal 2.0

Company Strengthens its Leadership Team to Supercharge its Continued MomentumNEW YORK, Jan. 30, 2025 /PRNewswire/ -- Octane® (Octane Lending, Inc.®), the fintech company revolutionizing the financing experience, announced today that it has promoted two executives to Executive Vice President, the first to hold the new title. Both appointments are effective January 1, 2025

Octane Appoints Jon Vestal And Kartik Kothari To Executive Vice President Positions

Experienced Executive to Oversee Octane's Successful Powersports and OPE BusinessNEW YORK, July 31, 2024 /PRNewswire/ -- Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, announced that it has appointed Steven Fernald as President. In this newly-created-role, Fernald will take over the day-to-day management of the company's successful Powersports and Outdoor Power Equipment (OPE) business in addition to his current responsibilities as Chief Financial Officer. He will continue to report to Jason Guss, CEO and Co-Founder of Octane. Steven Fernald, President and CFO. Fernald is a talented executive with almost thirty years of leadership experience in the financial sector. Since joining Octane in 2019, Fernald established the company's highly-successful  securitization program, which has produced eleven asset-backed securitizations in excess of $3B and AAA ratings from Standard  Poor's (SP)* and Kroll Bond Rating Agency (KBRA)**

Octane Appoints Steven Fernald As The Company'S First President

Lectură de 4 minÎn 2013, când a început să fie folosit termenul de ”unicorn” pentru startup-urile tech evaluate la peste 1 miliard de dolari, în lume existau 39 de unicorni. Anul trecut, datele numărau cu puțin peste 1.200 de unicorni, cu o valoare cumulată estimată la 3.856 miliarde de dolari. Anul acesta, în plan global au apărut 38 de unicorni în lumea startup-urilor. Care sunt acele companii care ne-au atras atenția?Înainte de a trece la cei mai noi unicorni ai lumii și la inovația pe care o aduc, reluăm definiția unicornului din punct de vedere al unui startup, așa cum a apărut el în mod original.Un unicorn este un startup de tehnologie privat care a ajuns să fie evaluat la cel puțin un miliard de dolari. Astfel, compania este în fază de dezvoltare și are și particularitate aunui startup, aceea de scalabilitate și a faptului că folosește tehnologia sau aduce un element inovator pentru a avea impact în viețile oamenilor. Ca să se încadreze la ”unicorn”, compania trebuie să fie privată, adică să nu aibă acțiuni la bursă, disponibile publicului larg.În schimb, acțiunile companiei sunt oferite anumitor persoane, ori sunt tranzacționate sau schimbate în mod privat, investitorii fiind cei care setează și bazele evaluării în funcție de sumele pe care aleg să le aloce acelui startup

Zece Unicorni De Anul Acesta Care Ne-Au Atras Atenția

Accomplished Executive to Guide Company in its Next Phase of GrowthNEW YORK, NY – January 23, 2025 – (Motor Sports NewsWire) – Octane® (Octane Lending, Inc.®), the fintech company revolutionizing the financing experience, announced today that it has named Sean Fernandez-Ledon its first Chief Legal Officer, effective January 1, 2025.Since joining the company as General Counsel and Chief Compliance Officer and its first legal hire in 2017, Fernandez-Ledon built the Octane Legal and Compliance Department from the ground up. He played a significant leadership role in Octane’s successful asset-backed securitization (ABS) program, which has now issued more than $4 billion in notes, as well as more than $1 billion of whole-loan sales and forward-flow commitments the company has announced or completed since December 2023. Fernandez-Ledon has been instrumental in Octane’s corporate governance practice and equity funding raises, including the company’s Series E funding round, which closed last year. He has also overseen Octane’s compliance efforts and the regulatory work that has enabled the company to expand into the marine, recreational vehicle (RV), tractor, and trailer markets.“Sean’s wealth of experience and insight has been integral to Octane’s growth from a nascent player to a market leader,” said Jason Guss, CEO and Co-Founder of Octane. “I’m grateful to Sean for his counsel, support, and guidance over the past eight years, and count on his leadership to help us achieve many more milestones together in the years to come.”“It’s been a privilege to work alongside Jason and the rest of the Octane team to deliver a fast, seamless buying experience for our partners and customers,” said Fernandez-Ledon. “I look forward to driving continued success for Octane with the support of an exceptional legal team.”An alumnus of Cravath, Swain,  Moore, LLP, Fernandez-Ledon holds a J.D

Octane Appoints Sean Fernandez-Ledon As Company’S First Chief Legal Officer

CFMOTO Dealers and Customers to Benefit from Octane's Fast, Easy Experience and Full-Spectrum FinancingNEW YORK, Dec. 19, 2024 /PRNewswire/ -- Octane ® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, and CFMOTO , a world-class powersports manufacturer, announced a new agreement to provide promotional financing for prime customers in the United States.Effective immediately, prime and non-prime consumers can qualify for financing for CFMOTO's full line of ATVs, side-by-sides, and motorcycles through Octane's in-house lender, Roadrunner Financial ®, Inc. At the same time, CFMOTO's network of over 600 dealers in the United States—more than a quarter of which have the award-winning soft-pull tool, Octane Prequal ®, on their websites—will benefit from Octane's fast and easy digital financing experience as well as competitive terms and flexible rates for its customers."We're excited to strengthen and expand our relationship with CFMOTO and bring our seamless, digital financing experience to even more of its customers," said Jon Vestal, SVP, Head of Powersports & OPE at Octane. "By offering full-spectrum financing and digital tools, we're giving CFMOTO dealers more ways to help people purchase a vehicle and connect with their passion.""We are thrilled to expand our partnership with Octane to offer enhanced financing options for our customers and dealers," said Jake Mirabel, Vice President Sales at CFMOTO. "Octane's innovative digital tools and full-spectrum financing make it easier than ever for our customers to access the vehicles they love, while empowering our dealers with competitive terms and streamlined processes. Together, we're driving growth and delivering an exceptional buying experience."Since 2016, Octane has partnered with CFMOTO to offer financing solutions for credit-worthy customers just outside of the traditional "prime" range through Roadrunner Financial ®, Inc.About Octane:Octane ® is revolutionizing recreational purchases by delivering a seamless, end-to-end digital buying experience

Octane Partners With Cfmoto To Provide Financing To Prime Customers

New Transaction Fuels Octane's Continued Momentum and Growth. NEW YORK, Oct. 31, 2024 /PRNewswire/ -- Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, announced today that it has sold a portfolio of $200 million of fixed-rate installment powersports loans to funds managed by AB CarVal, an established global alternative investment manager. The portfolio of whole loans was newly originated by Octane's in-house lender, Roadrunner Financial®, Inc., and will be serviced by Octane's in-house loan servicer, Roadrunner Account Services, LLC. This is the second transaction between Octane and AB CarVal. Last month, the companies announced the close of a $500 million forward-flow deal

Octane Closes $200 Million Whole Loan Sale With Ab Carval

LOS ANGELES, March  14, 2024  (GLOBE NEWSWIRE) -- FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, today announced that Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, has been selected as winner of the “Consumer Lending Innovation Award” in the 8th annual FinTech Breakthrough Awards program, recognizing the breakthrough innovation of Octane’s Prequal FlexTM solution. Prequal Flex is a URL tied to a specific powersports dealership that allows them to reach and prequalify customers from anywhere enthusiasts are browsing, including social media, advertisements, emails, event materials, in-dealership collateral, and more. The Prequal Flex application is quick and easy to complete, and it can be used across sales and marketing platforms – from the showroom floor to digital marketing campaigns. The tool helps powersports dealers grow their business and find and connect with more customers regardless of locale. At the same time, Prequal Flex helps customers find and access their dream vehicle faster and easier. It's part of Octane’s suite of prequalification of tools, so it uses a soft pull and doesn't impact a customer’s credit until a contract is generated

Octane Wins "Consumer Lending Innovation Award" In 2024 Fintech Breakthrough Awards Program

More than $4 Billion of Asset-Backed Securities Issued to Date. NEW YORK, Nov. 14, 2024 /PRNewswire/ -- Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, announced that it has closed a $326 million securitization ("OCTL 2024-3") collateralized by fixed-rate installment powersports loans issued through its in-house lender, Roadrunner Financial®, Inc. Octane has issued more than $4 billion of asset-backed securities (ABS) since launching the program in December 2019. This is the company's 12th ABS transaction. OCTL 2024-3 consists of six classes of fixed-rate notes: Class A-1, Class A-2, Class B, Class C, Class D, and Class E, which Standard  Poor's (SP)* and Kroll Bond Rating Agency (KBRA)** rated as A-1+/K1+, AAA/AAA, AA/AA+, A/A+, BBB/BBB+, and BB/BB+ respectively, in a private offering pursuant to Rule 144A under the Securities Act of 1933, as amended

Octane Completes $326 Million Asset-Backed Securitization

AAA-Rating Follows Period of Growth and MomentumNEW YORK, NY – July 12, 2024 – (Motor Sports NewsWire) – Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, announced that it has closed a $365 million securitization (“OCTL 2024-2”) collateralized by its fixed-rate installment powersports loans issued through its in-house lender, Roadrunner Financial®, Inc.OCTL 2024-2 issued six classes of fixed-rate notes: Class A-1, Class A-2, Class B, Class C, Class D, and Class E, which Standard & Poor’s (S&P)* and Kroll Bond Rating Agency (KBRA)** rated as A-1+/K1+, AAA/AAA, AA/AA+, A/A+, BBB/BBB+, BB/BB+, respectively, in a private offering pursuant to Rule 144A under the Securities Act of 1933, as amended. Octane’s first asset-backed securitization of 2024, OCTL 2024-1, as well as its three asset-backed securitizations of 2023, OCTL 2023-1, OCTL 2023-2, and OCTL 2023-3, all had their senior classes of notes rated AAA by both S&P and KBRA upon issuance.Atlas SP Securities acted as lead book-running manager and structuring agent, with J.P. Morgan Securities, Mizuho Americas, and Truist Securities serving as joint bookrunners. Octane continued to expand its investor base in this latest issuance while maintaining the support of existing institutional investors.“We’re thrilled to close our second transaction of the year and are grateful to see such strong recurring participation by our existing institutional investors,” said Steven Fernald, Chief Financial Officer at Octane. “Likewise, we welcome the addition of several new asset managers, pension funds, banks, and insurance companies to our best-in-class ABS platform, which continues to be a key differentiator for Octane and a testament to the underlying strength of our business.”This is Octane’s eleventh asset-backed securitization transaction since launching the program in December 2019. The company has completed more than $3.7 billion of asset-backed securitizations to date.This transaction comes on the heels of several exciting milestones

Octane Completes $365 Million Asset-Backed Securitization To Fuel Continued Innovation

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