Company Launches New Products, Grows Customer Base, Becomes GAAP Net Income Positive, Grows Headcount by 80% as It Streamlines Digital
Buying Experience for Passion Purchases
NEW YORK, NY – January 6, 2022 – (Motor Sports NewsWire) –
Octane™, the fintech revolutionizing the buying experience for major recreational purchases, announced its 2021 growth milestones on its journey to provide the quickest and most trusted lending experience for passion purchases.
Octane launched several new products to increase the speed and ease of the buying experience, including Octane Prequal, an ecommerce tool that instantly prequalifies consumers without impacting their credit and drives incremental sales in store.
The company, through its lender Roadrunner Financial, Inc.®, almost doubled loan fundings and grew fundings in its online direct-to-consumer channel by over 400%.
Octane signed five new OEM partnerships, including Polaris, Inc.
The company became GAAP net income profitable,…
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