Company Strengthens Sales Leadership to Drive Continued Growth
NEW YORK, July 17, 2025 — Octane® (Octane Lending, Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, announced today that it promoted Steven Daum to Senior Vice President of Sales, Recreational Lending.
In this role, he will lead a team of more than twenty Sales professionals across Octane’s Powersports, Outdoor Power Equipment (OPE), Trailer, Recreational Vehicle (RV), and Marine business. Overseeing OEM Partnerships and Insights, Dealer Channel Sales, and Sales Operations, Mr. Daum is tasked with growing originations through Octane’s in-house lender, Roadrunner Financial®, Inc., by strengthening and expanding the company’s network of more than 5,000 dealer partners and 35 Original Equipment Manufacturer (OEM) partners.
Mr. Daum joined Octane in 2022 as the Vice President of Sales and became Vice President of Partnerships in 2024. Under his leadership, Octane has grown its dealer network, signed new partnerships and expanded agreements with leading OEMs, and grown originations by over 30% annually during his tenure. Additionally, he has helped the company increase its market share and enter new markets.
Mr. Daum’s leadership has been instrumental in Octane’s ongoing success in the powersports market. The company recently surpassed $6 billion in aggregate originations and grew originations in 2024 by 36% year over year.
“Steve has proven to be an exceptional leader and I’m grateful for his significant contributions to Octane during the past three years,” said Jon Vestal, EVP, GM of Recreational Lending at Octane. “We have very ambitious plans for the future and I’m confident Steve’s knowledge and expertise will help drive Octane’s next phase of growth.”
Prior to joining Octane, Mr. Daum held senior roles in the powersports industry, including Vice President and Chief Sales Officer. He graduated from Lourdes College with a bachelor’s degree in Finance and Accounting. Out of the office, Daum enjoys spending time with his family of five and being outdoors, riding side by sides, mountain biking, and playing hockey.
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