Octane connects people with their passions.
Octane is a Fintech company whose mission is to connect people with their passions. The $21B powersports market is fast and fun, but the purchasing process is slow and frustrating. Octane is changing that through automated underwriting, innovative credit products, and financing through our in-house lender Roadrunner Financial. Octane reaches millions of riders through editorial brands like CycleWorld.com and helps consumers buy their favorite vehicles with instant, frictionless financing on Octane.co.
Octane is gaining traction quickly with customers, as evidenced by growth in originations through our platform of more than 3X year-over-year. Octane works with more than 3,500 dealers in the USA, provides financing coverage for most major powersports makes, and offers promotional financing with low rates for 40 OEM brands. Because we’re the platform and the lender, we have both high growth and positive unit economics - rare for a fintech. We have raised more than $138M in venture capital from leading investors such as IA Ventures, Valar Ventures, and Contour Venture Partners.