NEW YORK, May 19, 2022 — Octane® (Octane Lending Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, and Joydrive, a leader in ecommerce and innovative technology, have teamed up with Polaris to deliver a seamless, digital-to-retail shopping experience for the Indian Motorcycle® and Polaris Slingshot brands.

Beginning today, customers can benefit from an easy, end-to-end experience when shopping for Indian Motorcycle or Polaris Slingshot vehicles from the comfort of their own homes; they can instantly prequalify for financing via a soft credit pull with Octane Prequal, value their trade, indicate interest in Finance and Insurance products and accessories, and more before visiting a nearby dealership to complete their purchase.

“This is the perfect application of Joydrive technology,” said Hunter Gorham, Founder and CEO of Joydrive. “Through this partnership, we’ve been able to leverage the combined expertise of three great companies to make the buying process more seamless for both the customer and dealer.”

 “We’re excited to strengthen our industry leadership in digital retailing alongside Polaris and Joydrive as we continue to make buying fast, easy, and accessible,” said Mike Dushane, Chief Product Officer at Octane. “Octane Prequal uses cutting-edge technology and innovative risk strategies to connect people with their passions and fuel our customers’ lifestyles.”

Take advantage of this new experience by visiting Indianmotorcycle.com or slingshot.polaris.com.

NEW YORK, May 17, 2022 — Octane® (Octane Lending Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, is proud to be Certified™ by Great Place to Work®. The prestigious award is based entirely on what current employees say about their experience working at Octane. This year, 93% of employees said it’s a great place to work – 36% points higher than the average U.S. company.

Great Place to Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation.

“Great Place to Work Certification™ isn’t something that comes easily – it takes ongoing dedication to the employee experience,” said Sarah Lewis-Kulin, vice president of global recognition at Great Place to Work. “It’s the only official recognition determined by employees’ real-time reports of their company culture. Earning this designation means that Octane is one of the best companies to work for in the country.”

“We’re thrilled to become Great Place to Work-Certified™ as we continually strive to make our employees feel respected, trusted, and valued,” said Maria Aveledo, Chief Business Officer at Octane. “Win as a team is one of our core values, which means we prioritize our people and foster a collaborative culture. Thank you to everyone at Octane for helping us build a truly great company.” 

Octane is a remote-first company that offers employees unique benefits such as a gift of the month, up to $500 a year for powersports safety equipment, and three emergency days off, no questions asked, in addition to other benefits like generous PTO and parental leave.

According to Great Place to Work research, job seekers are 4.5 times more likely to find a great boss at a Certified great workplace. Additionally, employees at Certified workplaces are 93% more likely to look forward to coming to work, and are twice as likely to be paid fairly, earn a fair share of the company’s profits and have a fair chance at promotion.

Looking to grow your career at a company that puts its people first? Visit the Octane careers page.

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About Great Place to Work Certification™

Great Place to Work® Certification™ is the most definitive “employer-of-choice” recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place to Work-Certified.

About Great Place to Work®

Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™.

Learn more at greatplacetowork.com and on LinkedIn, Twitter, Facebook and Instagram.

NEW YORK, May 12, 2022 — Octane® (Octane Lending Inc.®), the fintech revolutionizing the buying experience for major recreational purchases, announced that it has closed a $375 million securitization (“OCTL 2022-1“) collateralized by its fixed-rate installment powersports and outdoor power equipment loans. This transaction follows a period of sustained growth and marks the company’s fifth securitization since launching the program in December 2019. 

OCTL 2022-1 issued one money market eligible tranche, the Class A-1 notes, and five longer-term fixed-rate tranches, including the Class A-2, B, C, D, and E notes, all of which Kroll Bond Rating Agency (KBRA)* and Standard & Poor’s (S&P)** rated as K1+(sf)/NR, AAA(sf)/AA(sf), AA(sf)/AA-(sf), A(sf)/A(sf), BBB(sf)/BBB(sf), and BB+(sf)/BB+(sf), respectively in a private offering pursuant to Rule 144A under the Securities Act of 1933, as amended. Additionally, Octane was able to secure an upsize of the transaction from an initial target issuance of $275 million to $375 million in notes, making this issuance Octane’s largest asset-backed securitization transaction to date. J.P. Morgan acted as lead bookrunner and structuring agent, with Credit Suisse and Truist Securities as joint bookrunners.

“The AAA rating and our ability to attract such notable institutional investment partners showcase the strength and resilience of our business, particularly within today’s volatile market environment,” said Steven Fernald, Chief Financial Officer at Octane. “We are now even better positioned to continue our growth as we connect people with their passions and make buying fast, easy, and accessible.” 

This issuance comes during a period of sustained success for the company. During the first few months of 2022, Octane showed strong momentum in originations; significantly expanded its breadth of dealer partners; entered two new markets, tractors and trailers; and launched its partnership with Polaris. The company closed 2021 GAAP net income positive. 

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.

*KBRA’s ratings are subject to all of the terms and conditions set forth in the related report and KBRA’s website, which you should review and understand, and can be accessed here.

**The full analysis for S&P’s ratings, including any updates, which you should review and understand, is available on standardandpoors.com and can be accessed here.

NEW YORK, April 1, 2022 — Octane^® (Octane Lending Inc.^®), the fintech revolutionizing the buying experience for major recreational purchases, and Club Car, a global leader in golf carts and UTVs, strengthened their relationship with a new partnership that includes lending coverage for prime customers. Effective immediately, a full spectrum of customers can benefit from Octane’s fast and easy digital buying experience for Club Car’s entire line of consumer golf carts. 

This partnership builds on Octane and Club Car’s existing relationship, which began in November 2018 and enables first-time buyers and deserving customers outside of the traditional prime range to finance Club Car vehicles through Octane’s in-house lender Roadrunner Financial, Inc.^® By expanding their collaboration to include prime customers, Club Car dealers can offer promotional rates as low as 0% and flexible terms to their customers. 

This collaboration marks Octane’s fifth partnership with a golf cart OEM. The company is investing in the rapidly growing golf market; it launched a used golf cart program in December 2021 and is expanding its golf team. This partnership follows Octane’s recent entrance into the tractor and trailer markets. 

“It’s an honor to partner with Club Car as we transform the buying journey for golf carts and bring our superior, digital experience to their loyal customer base and expansive dealer network,” said Jon Vestal, Senior Vice President of Powersports and OPE at Octane. “We’re excited to have such an innovative, renowned partner as we strengthen our commitment to the golf cart market and make it faster and easier for golf enthusiasts to do what they love.” 

Octane’s digital tools and online financing platform provide a seamless experience and faster closings for Club Car dealers and customers, with prime customers closing in as little as five minutes. Additionally, SafeRate, a digital tool that uses soft credit pulls, allows dealers to instantly prequalify customers without impacting their credit scores.