Octane Software

Octane, operating as Octane Lending, Inc., is a fintech company founded in 2014 by Jason Guss, who currently serves as CEO. Guss, a Yale University alumnus with a background in financial services, established the company to modernize the financing process for major recreational purchases. Initially launched as a tech-enabled lender marketplace, Octane identified a need for more streamlined solutions in the purchasing journey. A significant milestone was the 2016 launch of its in-house lender, Roadrunner Financial, Inc., which enabled the company to directly provide financing and manage the lending process from end to end.

The company functions as a point-of-sale financing platform that serves consumers in niche markets, specifically for lifestyle and recreational vehicles like powersports (motorcycles, ATVs), RVs, and outdoor power equipment. Octane's business model is centered on providing a seamless, digital-first financing experience for customers, from online browsing to in-store purchasing. It partners with over 4,000 dealers and more than 30 original equipment manufacturers (OEMs) to integrate its financing solutions directly at the point of sale. Revenue is generated through the origination of loans, which has surpassed $4 billion through its lending arm, Roadrunner Financial. The company's technology utilizes a proprietary risk model and a soft credit pull to provide instant, personalized financing offers, which helps streamline the buying process for consumers and boosts sales for dealers.

Octane's core product is its digital platform that connects dealers, lenders, and consumers to facilitate quick and easy financing for recreational purchases. Key features include a dealer platform, prequalification tools that don't impact a user's credit score, and an in-house lending service that covers a broad credit spectrum. This end-to-end digital experience allows consumers to get instant credit decisions and shop with confidence, effectively making large purchases as straightforward as a cash transaction. The company has successfully raised substantial capital, including a $50 million Series E funding round led by existing investors, to fuel its expansion into new markets and further develop its technology.

Keywords: powersports financing, recreational vehicle loans, fintech, consumer lending, point-of-sale finance, digital lending, asset finance, motorcycle financing, ATV loans, RV financing, marine lending, outdoor equipment loans, loan origination, dealer financing solutions, Roadrunner Financial, Jason Guss, lifestyle purchases, credit platform, financial technology, consumer finance, powersports market