Octane Lending

lendingonline loans

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 19/01/2021

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About

Octane Lending is a point of sales finance and insurance marketplace that helps salesmen help their customer's obtain financing. We are currently focused on the recreational market (motorcycles, ATVs, UTVs, Personal watercrafts, boats, RVs and snowmobiles). Our web based platform helps dealers save time by eliminating the need to rekey customer information and helps move more units by opening dealerships to more prime/subprime lending sources. We leverage our large merchant network to act as an efficient compliment to lenders' existing loan origination systems.

MEDICI Analysis

Octane Lending offers a point of sales financing and insurance platform for niche consumer markets.

Focus

PRODUCTS & SERVICES

Online Lending Platform. It aims in providing fast and easy powersports lending for the dealers.

MAIN CLIENTS

Road runners

home loan investment bank

dealer direct

one main

COMMENT

The company offers access to several subprime as well as prime lenders. Since the platform aggregates pre-approvals, banks can use a “soft pull” credit check. That lets dealers send out applications simultaneously and choose from among a list of offers.

Traction

VALUATION / MARKET CAP:

$23.7 M in 2015

COMPANY TYPE:

For Profit

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

34,036

AVERAGE VISITS (6 MONTHS)

27,309.82

MONTHLY VISITS GROWTH

-10.43%

VISIT DURATION

105

VISIT DURATION GROWTH

-43.58%

PAGE VIEWS VISIT

2.67

PAGE VIEWS VISIT GROWTH

-10.21%

BOUNCE RATE

68.64%

BOUNCE RATE GROWTH

-7.76%

GLOBAL TRAFFIC RANK

633,839

MONTHLY RANK CHANGE

-108,475

MONTHLY RANK GROWTH

-14.61%

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