{"id":6476,"date":"2025-01-09T09:15:57","date_gmt":"2025-01-09T09:15:57","guid":{"rendered":"https:\/\/octane.co\/o\/?p=6476"},"modified":"2025-01-16T13:40:42","modified_gmt":"2025-01-16T13:40:42","slug":"company-grows-originations-by-36-percent-in-record-breaking-year","status":"publish","type":"post","link":"https:\/\/octane.co\/o\/company-grows-originations-by-36-percent-in-record-breaking-year\/","title":{"rendered":"Octane Grows Originations by 36% to more than $1.6 Billion in Record-Breaking Year"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6476\" class=\"elementor elementor-6476\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7579d55 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7579d55\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c706589\" data-id=\"c706589\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5518d9c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5518d9c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-3542a34\" data-id=\"3542a34\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-49dd763 elementor-widget elementor-widget-image\" data-id=\"49dd763\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"556\" src=\"https:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/image-43-1024x556.png\" class=\"attachment-large size-large wp-image-6478\" alt=\"\" srcset=\"http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/image-43-1024x556.png 1024w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/image-43-300x163.png 300w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/image-43-768x417.png 768w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/image-43-1160x629.png 1160w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/image-43-92x50.png 92w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/image-43-650x353.png 650w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/image-43-1000x543.png 1000w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/image-43-50x27.png 50w, http:\/\/octane.co\/o\/wp-content\/uploads\/2025\/01\/image-43.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-013f90c\" data-id=\"013f90c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-054b466 elementor-widget elementor-widget-text-editor\" data-id=\"054b466\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><i><span style=\"font-weight: 400;\">Company Exceeds $5 Billion in Aggregate Originations and Doubles RV Originations<\/span><\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-bc20d56 e-flex e-con-boxed e-con e-parent\" data-id=\"bc20d56\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-dfc773c elementor-widget elementor-widget-text-editor\" data-id=\"dfc773c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul style=\"font-size: 16px; background-color: #ffffff;\"><li style=\"font-size: 16px;\" aria-level=\"1\"><span style=\"font-size: 16px;\">Octane originated more than $1.6 billion in 2024, a 36% increase year-over-year, doubled its RV originations, and surpassed $5 billion in aggregate originations<\/span><\/li><li style=\"font-size: 16px;\" aria-level=\"1\"><span style=\"font-size: 16px;\">Closed its Series E funding round, entered the marine market, and launched over 100 new products and enhancements, including Dealer Portal 2.0<\/span><\/li><li style=\"font-size: 16px;\" aria-level=\"1\"><span style=\"font-size: 16px;\">Expanded its relationships with Kawasaki and CFMOTO, and partnered with RideNow to launch RideNow Finance<\/span><\/li><li style=\"font-size: 16px;\" aria-level=\"1\"><span style=\"font-size: 16px;\">Closed four asset-backed securitizations, including its first ABS transaction wholly backed by RV and Marine collateral, and closed the year GAAP net income profitable<\/span><\/li><li style=\"font-size: 16px;\" aria-level=\"1\"><span style=\"font-size: 16px;\">Completed whole-loan sales and announced forward flow commitments of $1 billion<\/span><\/li><li style=\"font-size: 16px;\" aria-level=\"1\"><span style=\"font-size: 16px;\">Won notable awards, opened new headquarters, and made key personnel appointments<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04bccea elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"04bccea\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#0c0d0e;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:flex}.elementor-widget-divider .elementor-divider__text{font-size:15px;line-height:1;max-width:95%}.elementor-widget-divider .elementor-divider__element{margin:0 var(--divider-element-spacing);flex-shrink:0}.elementor-widget-divider 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.elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-con-inner>.elementor-widget-divider,.e-con>.elementor-widget-divider{width:var(--container-widget-width,100%);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3c09a88 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3c09a88\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7856871\" data-id=\"7856871\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-94a02db elementor-widget elementor-widget-text-editor\" data-id=\"94a02db\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div><span style=\"font-size: 16px; color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; letter-spacing: 0px;\">NEW YORK, January 9, 2025 \u2014 <\/span><a style=\"font-size: 16px; font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); letter-spacing: 0px;\" href=\"http:\/\/www.octane.co\">Octane<\/a><span style=\"font-size: 16px; color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; letter-spacing: 0px;\">\u00ae<\/span><span style=\"font-size: 16px; color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; letter-spacing: 0px;\"> (Octane Lending, Inc.<\/span><span style=\"font-size: 16px; color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; letter-spacing: 0px;\">\u00ae<\/span><span style=\"font-size: 16px; color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; letter-spacing: 0px;\">), the fintech company revolutionizing the financing experience, announced its 2024 milestones on its journey to make buying better. The company had a record-breaking year, exceeding its originations targets, expanding its product offering and markets served, diversifying its capital markets strategy, and strengthening its leadership team.<\/span><\/div><div><span style=\"font-size: 16px; color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; letter-spacing: 0px;\">\u00a0<\/span><\/div><p><b>Significant Momentum in Octane\u2019s Powersports and Recreational Vehicle (RV) Business<\/b><\/p><p><span style=\"font-weight: 400;\">Octane saw considerable growth in both its powersports and RV business in 2024. The company grew originations through its in-house lender, <\/span><a href=\"https:\/\/www.roadrunnerfinancial.com\/\"><span style=\"font-weight: 400;\">Roadrunner Financial<\/span><\/a><span style=\"font-weight: 400;\">\u00ae<\/span><span style=\"font-weight: 400;\">, Inc., by 36 percent year-over-year, closing the year at more than $1.6 billion in 2024 originations. Octane also reached several milestones last year, surpassing <\/span><a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7169007659373854721\/\"><span style=\"font-weight: 400;\">$4 billion in aggregate originations<\/span><\/a><span style=\"font-weight: 400;\"> in February and <\/span><a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7237846595529023488\/?_gl=1*r0qr94*_ga*Nzc3MTQ2MDEyLjE3Mjc0NTg3MjY.*_ga_0FCW95Z7XK*MTczMDIzNDczNS4xOS4xLjE3MzAyMzc0NTUuNTUuMC4w\"><span style=\"font-weight: 400;\">$5 billion in aggregate originations<\/span><\/a><span style=\"font-weight: 400;\"> in September. The company continued to see strong growth in the RV market, doubling its RV originations for the second year in a row. At the same time, it expanded its relationships with key powersports original equipment manufacturers (OEMs), launching full-spectrum financing with both <\/span><a href=\"https:\/\/octane.co\/o\/kawasaki-and-octane-announce-strategic-agreement\/\"><span style=\"font-weight: 400;\">Kawasaki<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/octane.co\/o\/cfmoto-and-octane-partner-to-provide-financing-to-prime-customers\/\"><span style=\"font-weight: 400;\">CFMOTO<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><p><b>Equity Financing Fuels Product Innovation and Expansion into New Markets<\/b><\/p><p><span style=\"font-weight: 400;\">Octane raised <\/span><a href=\"https:\/\/octane.co\/o\/raises-50-million-in-series-e-funding-round\/\"><span style=\"font-weight: 400;\">$50 million in its Series E funding round<\/span><\/a><span style=\"font-weight: 400;\">, bringing its total equity funding raised since inception to $242 million. This investment fueled the company\u2019s entrance into the <\/span><a href=\"https:\/\/octane.co\/o\/marine-market-entrance\/\"><span style=\"font-weight: 400;\">marine market<\/span><\/a><span style=\"font-weight: 400;\"> with full-spectrum credit coverage. During the course of 2024, Octane introduced over 100 new products and product enhancements to make buying better for dealer partners and their customers, including <\/span><a href=\"https:\/\/octane.co\/o\/redefining-powersports-lending-with-dealer-portal-2-0-release\/\"><span style=\"font-weight: 400;\">Dealer Portal 2.0<\/span><\/a><span style=\"font-weight: 400;\">, a significantly upgraded version of its industry-leading dealer platform. Octane\u2019s soft-pull prequalification tools, <\/span><a href=\"https:\/\/octane.co\/o\/prequal\/\"><span style=\"font-weight: 400;\">Octane Prequal\u00ae<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/octane.co\/o\/prequal-flex-soft-pull-prequalification-tool\/\"><span style=\"font-weight: 400;\">Prequal Flex\u00ae<\/span><\/a><span style=\"font-weight: 400;\">, continued to help consumers quickly and easily apply for financing with more than 1200 dealers using each tool, respectively; nearly 400,000 powersports applications were sent to partner dealers through the two digital tools. The company also partnered with <\/span><a href=\"https:\/\/www.ridenow.com\/\"><span style=\"font-weight: 400;\">RideNow<\/span><\/a><span style=\"font-weight: 400;\">, the largest powersports retailer in North America, to launch <\/span><a href=\"https:\/\/octane.co\/o\/ridenow-and-octane-partner-to-launch-ridenow-finance\/\"><span style=\"font-weight: 400;\">RideNow Finance<\/span><\/a><span style=\"font-weight: 400;\">, a private label partnership that drives more sales for RideNow Powersports Dealerships through digital tools, full-spectrum financing, and branded lifecycle marketing.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><p><b>Strong Financial Performance Combined with Historic ABS Transaction Concludes a Successful Year in Capital Markets<\/b><\/p><p><span style=\"font-weight: 400;\">Octane continued to diversify its <\/span><a href=\"https:\/\/investor.octane.co\/\"><span style=\"font-weight: 400;\">capital markets strategy<\/span><\/a><span style=\"font-weight: 400;\"> in 2024. The company completed four asset-backed securitizations (ABS), which were supported by over 100 investors. The first three transactions,\u00a0 <\/span><a href=\"https:\/\/octane.co\/o\/announcing-300-million-asset-backed-securitization\/\"><span style=\"font-weight: 400;\">OCTL 2024-1<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/octane.co\/o\/completes-365-million-asset-backed-securitization-2024\/\"><span style=\"font-weight: 400;\">OCTL 2024-2<\/span><\/a><span style=\"font-weight: 400;\">, and <\/span><a href=\"https:\/\/octane.co\/o\/completes-326-million-asset-backed-securitization-2024\/\"><span style=\"font-weight: 400;\">OCTL 2024-3<\/span><\/a><span style=\"font-weight: 400;\">, were backed by powersports collateral. The fourth transaction, <\/span><a href=\"https:\/\/octane.co\/o\/completes-126-million-asset-backed-securitization-octl-2024-rvm1\/\"><span style=\"font-weight: 400;\">OCTL 2024-RVM1<\/span><\/a><span style=\"font-weight: 400;\">, was Octane\u2019s first transaction backed wholly by RV and Marine collateral and the first deal of its type in two decades. In addition to completing more than $4 billion of ABS deals to date, other notable 2024 accomplishments include completing a <\/span><a href=\"https:\/\/octane.co\/o\/ab-carval-and-octane-announce-500-million-forward-flow-deal\/\"><span style=\"font-weight: 400;\">$500 million forward-flow deal<\/span><\/a><span style=\"font-weight: 400;\"> with funds managed by <\/span><a href=\"http:\/\/www.abcarval.com\"><span style=\"font-weight: 400;\">AB CarVal<\/span><\/a><span style=\"font-weight: 400;\">, announcing two separate <\/span><a href=\"https:\/\/octane.co\/o\/yieldstreet-and-octane-partner-on-innovative-transaction\/\"><span style=\"font-weight: 400;\">whole loan sales totaling $280 million<\/span><\/a><span style=\"font-weight: 400;\"> to <\/span><a href=\"https:\/\/www.yieldstreet.com\/\"><span style=\"font-weight: 400;\">Yieldstreet<\/span><\/a><span style=\"font-weight: 400;\">, and completing a <\/span><a href=\"https:\/\/octane.co\/o\/ab-carval-and-octane-close-200-million-whole-loan-sale\/\"><span style=\"font-weight: 400;\">$200 million whole loan sale<\/span><\/a><span style=\"font-weight: 400;\"> to funds managed by <\/span><a href=\"http:\/\/www.abcarval.com\"><span style=\"font-weight: 400;\">AB CarVal<\/span><\/a><span style=\"font-weight: 400;\">. Octane maintains approximately $1 billion in revolving capacity.\u00a0 Additionally, the company realized strong financial performance in 2024; year-over-year Octane grew top line revenue by 46%, grew profit by 62% (for a gross profit margin of 41%), and increased GAAP net income by approximately 650%, all new record highs*.\u00a0\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><p><b>Key Leadership Appointments and New Headquarters in Octane\u2019s 10th Year in Business<\/b><\/p><p><span style=\"font-weight: 400;\">In 2024, Octane made several executive appointments, brought in key talent, and garnered recognition for its performance, culture, and leadership. Octane <\/span><a href=\"https:\/\/octane.co\/o\/steven-fernald-appointed-as-octanes-first-president\/\"><span style=\"font-weight: 400;\">appointed its first President, Steven Fernald<\/span><\/a><span style=\"font-weight: 400;\">, who continues to serve as the company\u2019s Chief Financial Officer in addition to overseeing its Powersports and Outdoor Power Equipment (OPE) business, and announced <\/span><a href=\"https:\/\/octane.co\/o\/ray-duggins-transitions-to-advisory-role-mark-molnar-appointed-as-chief-risk-officer\/\"><span style=\"font-weight: 400;\">the appointment of a new Chief Risk Officer, Mark Molnar<\/span><\/a><span style=\"font-weight: 400;\">, an executive with over thirty years of risk experience at both established banks and fintech companies.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Octane also strengthened its Sales and Engineering expertise by acquiring the team behind <\/span><a href=\"https:\/\/www.thelasso.com\/\"><span style=\"font-weight: 400;\">The Lasso<\/span><\/a><span style=\"font-weight: 400;\">, a platform that links car sellers directly to a network of hundreds of top-notch dealerships. <\/span><a href=\"https:\/\/www.linkedin.com\/in\/natemihalovich\/\"><span style=\"font-weight: 400;\">Nate Mihalovich<\/span><\/a><span style=\"font-weight: 400;\">, formerly the CEO and co-founder of The Lasso, joined Octane as SVP of New Verticals, along with four talented engineers and salespeople. Octane will leverage Mihalovich and The Lasso team\u2019s technical skills, entrepreneurial spirit, and experience building pipelines and relationships to help Octane strengthen its offering and expand into new markets.<\/span><\/p><p><span style=\"font-weight: 400;\">In 2024, Octane celebrated its tenth anniversary, <\/span><a href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7270075547374747648\/\"><span style=\"font-weight: 400;\">opened a new headquarters in Manhattan<\/span><\/a><span style=\"font-weight: 400;\">, and won <\/span><a href=\"https:\/\/octane.co\/o\/awards\/\"><span style=\"font-weight: 400;\">nearly 30 awards<\/span><\/a><span style=\"font-weight: 400;\">, including ranking on the <\/span><a href=\"https:\/\/www.inc.com\/inc5000\/2024?_gl=1*1hadr1p*_ga*MjAzNzY3NjczOC4xNzMzMzI2ODY1*_ga_0FCW95Z7XK*MTczMzg2NzQ0Ny4xNC4xLjE3MzM4NjgzMzUuNTcuMC4w\"><span style=\"font-weight: 400;\">Inc. 5000<\/span><\/a><span style=\"font-weight: 400;\"> list of the fastest growing private companies for the third year in a row, making the <\/span><a href=\"https:\/\/www2.deloitte.com\/us\/en\/pages\/technology-media-and-telecommunications\/articles\/fast500-winners.html?_gl=1*1hadr1p*_ga*MjAzNzY3NjczOC4xNzMzMzI2ODY1*_ga_0FCW95Z7XK*MTczMzg2NzQ0Ny4xNC4xLjE3MzM4NjgzMzUuNTcuMC4w\"><span style=\"font-weight: 400;\">Technology Fast 500 awarded by Deloitte, LLP<\/span><\/a><span style=\"font-weight: 400;\"> for the second year in a row, and being named one of the <\/span><a href=\"https:\/\/builtin.com\/awards\/dallas\/2024\/best-midsize-places-to-work\"><span style=\"font-weight: 400;\">Best Places to Work in Dallas<\/span><\/a><span style=\"font-weight: 400;\"> for the second year in a row. Octane\u2019s CEO and Co-founder, Jason Guss, continued to receive accolades for his leadership and vision, being named an <\/span><a href=\"https:\/\/octane.co\/o\/ey-entrepreneur-of-the-year-jason-guss-2024\/\"><span style=\"font-weight: 400;\">Entrepreneur Of The Year\u00ae 2024 New York Award Finalist<\/span><\/a><span style=\"font-weight: 400;\"> for the second time and receiving the <\/span><a href=\"https:\/\/autofinance.live\/psf\/powersports-finance-achievement-awards-2024-recognizing-industry-leaders-in-performance-innovation-and-leadership\/\"><span style=\"font-weight: 400;\">Powersports Finance Achievement Award in Leadership<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p><p><span style=\"font-weight: 400;\">\u201cThe past year was the most successful in Octane\u2019s ten-year history, made possible thanks to the creativity and effort of our team and the ongoing support of our esteemed dealer, OEM, and investor partners,\u201d said Guss. \u201cWe intend to build on this momentum in 2025, as we reaffirm our commitment to making buying better through a fast, seamless financing experience.\u201d<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.<\/span><\/p><p><span style=\"font-weight: 400;\">*Financial performance based on 2024 unaudited company financial statements.<\/span><\/p><p><b>###<\/b><\/p><p><em>This is not an offer, solicitation of an offer, recommendation or advice to buy or sell any security, financial product or instrument.\u00a0Our website is for informational purposes only. We do not guarantee the accuracy or completeness of information on or available through this website, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information. Please read any applicable disclosures before using or relying on information on or available through this website. Seek professional advice before investing in our securities.<\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Company Exceeds $5 Billion in Aggregate Originations and Doubles RV Originations Octane originated more than $1.6 billion in 2024, a 36% increase year-over-year, doubled its RV originations, and surpassed $5<\/p>\n<div><a href=\"https:\/\/octane.co\/o\/company-grows-originations-by-36-percent-in-record-breaking-year\/\" class=\"exp-read-more exp-read-more-underlined\">Read More<\/a><\/div>\n","protected":false},"author":25,"featured_media":6478,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[34],"tags":[69,55,53,52],"class_list":["post-6476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press","tag-69","tag-company-growth","tag-investor-relations","tag-recent-press"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.3 (Yoast SEO v23.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Octane Grows Originations by 36% to more than $1.6 Billion in Record-Breaking Year | Octane<\/title>\n<meta name=\"description\" content=\"Octane announced its key milestones from 2024, including increasing originations by 36% year-over-year and doubling RV originations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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