Octane has successfully raised $100 million in Series F funding, elevating its valuation to $1.3 billion, as it continues to innovate within the FinTech sector with its unique lending platform.

Target Information

Octane is at the forefront of revolutionizing the lending landscape through its innovative Captive-as-a-Service platform. This platform provides a comprehensive end-to-end solution for financing powersports, outdoor power equipment, and recreational vehicles. By merging various aspects such as technology, underwriting, loan processing, servicing, and capital markets execution into a single cohesive system, Octane empowers its partners to deliver private-label financing solutions under their own brand names. This unique approach not only streamlines the purchasing process for consumers but also significantly enhances sales for dealers.

Founded in 2014 and headquartered in New York City, Octane's leadership team consists of experienced professionals including Andre Gregori, Daniel Petkevich, Mark Davidson, Mark Garro, and Michael Fanfant. Recently, the company successfully raised $100 million in a Series F funding round, raising its post-money valuation to an impressive $1.3 billion. This funding round was led by Valar Ventures, with substantial contributions from other investors such as Upper90, Huntington National Bank, and Camping World, among others.

Industry Overview

The financial technology (FinTech) industry in the United States is experiencing robust growth, as more consumers seek seamless, digital solutions for their financing needs. The rise of alternative lending platforms like Octane is part