NEW YORK, January 13, 2022 / PRNewswire / – Octane™ (Octane Lending Inc.®), the fintech that is revolutionizing the shopping experience for major recreational purchases, today announced its entry into the trailer market. Going forward, consumer trailer customers and dealers will be able to take advantage of Octane’s fast and easy digital lending experience for both open and closed units. The Octane trailer schedule is live in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Caroline from the south, Tennessee, Virginia and West Virginia, with more states deployed in the weeks and months to come.

Before Octane entered the market, loans in the $ 5 billion the vertical trailer was largely decentralized, manual, and ripe for digital disruption. Based on Octane’s success in the powersports and outdoor power equipment markets where many dealerships also offer trailers, the company will leverage its existing network of over 4,000 dealers upon its initial launch. Octane will also expand its reach to dealers in adjacent markets, such as agriculture, RVs and marine, which also offer trailers.

Since trailer purchases are largely cash driven and Octane is a leading lender that covers a wider range of customers than other domestic lenders, Octane has significant potential to grow its customer base while at the same time enabling deserving customers to improve their purchasing power. This broad credit coverage also benefits dealers by allowing them to offer a buying path to even more customers. Through its internal lender Roadrunner Financial, Inc.^®, Octane offers full spectrum credit coverage for Preferred, New and Credit customers, just outside the traditional ‘mainstream’ lineup, making passionate finance buying through Octane’s digital-to-retail experience fast , fluid and as simple as money. .

“We are excited to expand our presence in outdoor power equipment to help connect even more people to their passions and fuel our customers’ lifestyles,” said Jason guss, CEO of Octane. “The trailer market offers significant untapped potential for the growth of our business while enabling customers and dealers to have a faster, easier and more enjoyable shopping experience.”

Octane’s customer-centric digital finance platform delivers a superior customer experience by allowing customers to download documentation and complete their applications online, saving them time at the dealership.

Octane helps its OEM partners bring digital retail to life by enabling consumers to pre-qualify for financing on OEM websites, which directs web visitors into the flow of transactions and brings qualified and incremental buyers to dealerships. .

About Octane:
Octane ™ provides access to instant financing to fuel your lifestyle. Octane dramatically simplifies and speeds up the transaction process for major recreational purchases such as motorcycles, Mountain biking, and zero-turn lawn mowers by adding value every step of the way. Octane offers automated underwriting, innovative credit products and financing, through its internal lender Roadrunner Financial, Inc.^®. Octane reaches millions of enthusiasts through its editorial brands like Bike world and UTV Driver and helps consumers buy their favorite products by prequalifying them at the reseller and the OEM websites. Octane revolutionizes credit by underserved verticals in markets that represent tens of billions of dollars in annual transactions.

Octane is a remote fintech company with offices in New York and Dallas and nearly 500 employees. In August 2021, Octane announced to have raised $ 52 million in Series D financing bringing the valuation of the company to more $ 900 million with over $ 192 million of the total equity capital raised to date. Visit www.octane.co.

Octane Contacts:

SOURCE Octane Prêts Inc.