New Team to Drive Powersports and OPE Growth, and
RV and Marine Market Entrances
NEW YORK, NY – February 3, 2022 – (Motor Sports NewsWire) – Octane™ (Octane Lending Inc.®), the fintech revolutionizing the buying experience for major recreational and equipment purchases, today announced several key leadership appointments to support its rapid growth in Powersports and Outdoor Power Equipment (OPE), and drive its expansion into the RV and marine markets.
Octane has achieved considerable success in Powersports, almost doubling loan fundings in 2021, and continues to gain market share with its fast and easy digital buying experience. Octane is also investing in consumer products that support its dealer and OEM partners, such as Octane Prequal, an ecommerce tool that instantly prequalifies consumers without impacting their credit and drives incremental business in dealerships. Last year, the company grew fundings that originated in this channel by over 400%. To build on this…
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