Octane Lending

Octane enables consumers to live their passion by making powersports purchases instant, seamless, and widely available.

Founded 2014
51-200 employees
  • Banking, Corporate Finance, & Investing
  • Headquarters address
    116 W 32nd St., 9th Floor, New York, NY 10001

    The $21B Powersports market (motorcycles, ATVs, UTVs, PWCs, snowmobiles) is all about fast and fun, but the purchasing process is slow and frustrating. Octane enables consumers to live their passion by making powersports purchases instant, seamless, and widely available. Octane's credit product expands coverage to 50% of responsible consumers underserved by incumbent banks while our automated underwriting and digital buying experience cuts the time to close a transaction from hours to minutes.

    The market is choosing the Octane solution, as evidenced by ~25% of powersports merchants active on our platform (up 50% Y/Y) and an annualized origination run rate that is up over 3 X Y/Y. We are both the platform and the lender, which means we have both high growth and positive unit economics—rare for a fintech. We have raised >$42M in equity and >$200M in debt capital from IA Ventures, Valar Ventures, Contour Venture Partners, Citi Ventures, and other leading investors.

    Tech stack

    Python, Django, React, JavaScript, Apache Mesos, Docker, PostgreSQL, Marathon, Redshift, Jenkins, Chronos, Terraform, Ansible, AWS, EC2, Amazon S3, Amazon Cloud Front, Node.JS, DynamoDB, Spark, AWS Elastic MapReduce (EMR), AWS Lambda, cloudwatch

    Benefits

    Compensation and retirement

    Stock Options
    401k
    Commuter assistance plans

    Health and wellness

    Health insurance
    Dental insurance
    Vision insurance
    Life insurance
    Disability insurance
    FSA (Flexible Spending Plan)
    EAP (Employee Assistance Program)
    Legal assistance

    Vacation and time off

    Paid time off
    Paid holidays
    Flexible working hours
    Work from home flexibility
    Maternity benefits
    Paternity benefits

    Values and quality of life

    Employee groups and committees
    Snacks and beverages
    Catered breakfasts
    Catered lunches
    Company activities
    Games and recreation