Octane is transforming the lending landscape with its Captive-as-a-Service platform, which provides an end-to-end solution for financing powersports, outdoor power equipment, and recreational vehicles. By integrating technology, underwriting, loan processing, servicing, and capital markets execution into a single, seamless platform, Octane empowers partners to offer private-label financing solutions under their own brand. This innovative approach accelerates the purchase process for consumers and drives sales for dealers.
Octane has raised $100 million in a Series F funding round, bringing its post-money valuation to $1.3 billion. The funding was led by Valar Ventures, with participation from Upper90, Huntington National Bank, Camping World, Holler-Classic Family, and others.
Octane, headquartered in New York, New York, United States, was founded in 2014 by Andre Gregori, Daniel Petkevich, Mark Davidson, Mark Garro, and Michael Fanfant. “A lot of VCs believe SaaS companies should just focus on pure tech and lenders should just do lending,” said Octane CEO Jason Guss. “We believe that the best companies need to do both. … By offering various services typically not offered by lenders integrated with a lending product, we are able to add value beyond simply selling money cheaper.”