Octane is revolutionizing the buying experience for major recreational purchases, such as motorcycles, ATVs, and zero-turn lawn mowers. It dramatically simplifies and accelerates the transaction process by adding value at each stage of the buying journey. Through its in-house lender Roadrunner Financial, Octane offers automated underwriting, innovative credit products, and financing. Octane also reaches millions of enthusiasts through its editorial brands like Cycle World and UTV Driver and helps consumers buy their favorite products in a seamless process by pre-qualifying them on dealer and OEM websites. Octane is rapidly growing in underserved markets that account for tens of billions of dollars in annual transactions.
In August 2021, Octane announced it raised $52 million in Series D funding bringing the company’s valuation to over $900 million with more than $192 million in total equity funding raised to date. Octane has originated over $1 billion in loans to date and is on track to generate over $100 million in projected revenue in 2021. The company is net income positive and operating cash flow positive. Octane is rated AA by Standard & Poor’s (S&P) and AAA by Kroll Bond Rating Agency (KBRA).
Octane is a remote-first fintech company with offices in NYC and Dallas. It has doubled its team in the last year, from over 200 to over 400 employees, and increased its engineering team by over 90% in the past six months. Octane continues to actively recruit top talent.
Our 6 values are:
- Win as a Team
- Own Our Customers' Success
- Seek the Truth & Test Assumptions
- See Opportunities Not Obstacles
- Embrace Diversity of People & Ideas
- Ruthlessly Prioritize