Octane Lending

lending | online loans

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67 VISITORS | 80 VIEWS

FOUNDING YEAR: 2014

LOCATION:

United States

REGION:

New York

Last Update:
18 Oct, 2019

Phone:

+1 646-657-0509

Description

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.

PEOPLE

FOUNDERS:

Michael Fanfant, Mark Garro, Andre Gregori, Jason Guss, Mark Davidson

Board Members and Advisors:

Sean Glass, David Pinski

NUMBER OF EMPLOYEES:

11-50

INVESTORS:

Contour Venture Partners, Rider Insurance, DreamIt Ventures

TRACTION

VALUATION / MARKET CAP:

$23.7 MM in 2015

MOMENTUM

FUNDED:

YES

TOTAL FUNDING:

$4.57 Millions

DATE OF LAST FUNDING:

Oct 2017

SEED & PRIOR FUNDING:

$3.6 Millions

SEED PRIOR FUNDING COMMENT:

plus undisclosed amount

FUNDING SERIES:

SERIES A

$969 K Closed: Oct 2017

LISTED:

LATEST RESEARCH

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