Octane

Instant financing for lifestyle purchases

New York City, New York, United States

About Octane

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.

New York City, New YorkHeadquarters
2014Year Founded
$190.6MTotal Funding
DEBTCompany Stage
Fintech, Financial ServicesIndustries
201-500Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Unlimited Paid Time Off
Parental Leave
401(k) Retirement Plan
401(k) Company Match
Tuition Reimbursement
Wellness Program

Risks

Increased competition from fintech companies may erode Octane's market share.
Rising interest rates could reduce demand for Octane's financing products.
Dependence on OEM and dealer partnerships poses a risk to business operations.

Differentiation

Octane offers a seamless end-to-end digital buying experience for recreational purchases.
The company uses soft credit pull technology for personalized financing without affecting credit scores.
Octane partners with over 35 OEMs and 4000 dealers, enhancing its market reach.

Upsides

Octane's partnership with CFMOTO expands its reach in the powersports financing market.
The company has issued over $4 billion in asset-backed securities since 2019.
Octane's Dealer Portal 2.0 enhances dealer and customer financing experiences.

Funding

Total raised$190.62 M
Latest valuation$900.00 M
StageDEBT
DEBT
11/30/2024
$126
LENDING CAPITAL
9/30/2024
$500
SERIES E
7/31/2024
$50
$900.00 M
$45
$226.30 M
SERIES B
4/30/2018
$21
$104.00 M
SEED
11/30/2014
$1
$4.50 M