Octane Lending

Octane Lending

Lending | Online Loans
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  • FOUNDING YEAR: 2013
    LOCATION:
    United States
    REGION:
    NY
    Last Update:
    27 Jun, 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, Jason Guss, Mark Davidson, André Gregori
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
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:
NO

LATEST RESEARCH


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