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509 Octane Raises Another $52M for its Financing Platform for Powersports Purchases

AlleyWatch
AlleyWatch @ AlleyWatch 1 place · 08/05/2021 08:07 EDT

Octane Raises Another $52M for its Financing Platform for Powersports Purchases

The Powersports market (jet skis, motorcycles, ATVs, etc) is expected to surpass $50M per annum by 2027. 80% of purchases in this market require financing. Octane is a point-of-sale platform that enables power sport dealers and brands to provide automated financing solutions to their customers to close transactions. The company’s end-to-end platform covers all aspects of the lending process from origination to closing. Initially, a marketplace to connect lenders and purchasers, Octane launched its own len

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