Octane Posts Record $2.1 Billion in Originations, Raises $100 Million to Scale Captive-as-a-Service Platform

New updates have been reported about Octane.

Octane reported a record year in 2025, lifting annual loan originations 29% to $2.1 billion through its in-house lender Roadrunner Financial, and pushing cumulative originations above $7.6 billion. The fintech also more than doubled its RV originations for the second consecutive year, secured ten new powersports OEM relationships, expanded an existing OEM partnership, and signed major dealer-group and RV chain agreements covering more than 200 U.S. locations.

To deepen its reach across recreational and Outdoor Power Equipment financing, Octane entered a strategic partnership with a top national bank aimed at accelerating OPE penetration in 2026. The company closed a $100 million Series F round at a $1.3 billion valuation, earmarking capital for product and market expansion, including its new Captive-as-a-Service model that lets OEMs and large dealer chains launch branded finance programs without building full captive finance units.

The Captive-as-a-Service offering bundles Octane’s digital origination platform, underwriting, loan processing and servicing, marketing support, lead generation, and capital markets execution, while allowing partners to participate in loan economics and apply their own brand. On the funding side, Octane sold $1.9 billion of loans in 2025, or 91% of originations, via forward-flow and whole-loan sales and has secured more than $3.3 billion of purchase commitments since December 2023.

Octane continued to scale its asset-backed securitization program with over $500 million of notes issued across two 2025 deals, including its second RV- and marine-only transaction, bringing total issuance since 2019 to more than $4.7 billion across 16 securitizations. Unaudited 2025 results show nearly $400 million in revenue, 23% growth in adjusted EBITDA to $80 million, and a third straight year of GAAP net income profitability, underscoring the sustainability of its originate-to-distribute model.

Operationally, Octane added senior leadership by appointing its first Chief Legal Officer and two Executive Vice Presidents while opening a Dallas office that now houses roughly half of its more than 600 employees. The company received 15 awards during the year, including recognition for securitization performance, technology growth, and workplace quality, reinforcing its positioning as a scaled specialist in niche secured lending markets spanning powersports, RV, marine, and OPE financing.

CEO and Co-Founder Jason Guss said the company intends to leverage 2025’s momentum to drive further expansion in 2026 and beyond, supported by its OEM and dealer network of more than 50 manufacturers and 4,000 merchants. For executives and investors, the key themes are rapid volume growth in recreational categories, increasing adoption of the Captive-as-a-Service platform by large partners, and a capital markets strategy that offloads over 90% of annual production while maintaining recurring profitability.