Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

How Firex21 Capital Transforms the Global Investment Landscape with Astratoan

July 27, 2025

Eurasian Frontier Financial Capital introduces the AI-driven OPTIFIE tool at the San Jose 2025 AI event.

July 27, 2025

Nicaragua enhances its Fintech ecosystem through an updated regulatory framework.

July 27, 2025

Kakaopay Stock Halted Amid Concerns Over Stablecoins

July 26, 2025
Facebook X (Twitter) Instagram
Trending
  • How Firex21 Capital Transforms the Global Investment Landscape with Astratoan
  • Eurasian Frontier Financial Capital introduces the AI-driven OPTIFIE tool at the San Jose 2025 AI event.
  • Nicaragua enhances its Fintech ecosystem through an updated regulatory framework.
  • Kakaopay Stock Halted Amid Concerns Over Stablecoins
  • Indian startups attract $211 million, driven by investments in AI, fintech, and deep tech.
  • The Rise of Ethereum: Prospects and Obstacles for Fintech Startups
  • JPMorgan’s new fintech fees are provoking a response from the industry.
  • The initial employee at Stripe who founded Fintech Increase has acquired a bank.
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    The Journey of Sofi: Transitioning from Student Loans to Fintech Dominance

    July 25, 2025

    This Week in Fintech: Biweekly News Summary for June 24

    July 19, 2025

    Fintech and Global Expansion as Russia’s National Center Hosts a Major Session at SPIEF 2025 in Salt Lake City News, Weather, and Sports Updates

    July 15, 2025

    Alona Shevtsova emphasizes the importance of connection at the recent London Fintech Club event – London Business News

    July 15, 2025

    Unicorn Bank Zero represents the final achievement of his fintech journey.

    July 9, 2025
  • AI

    How Firex21 Capital Transforms the Global Investment Landscape with Astratoan

    July 27, 2025

    Eurasian Frontier Financial Capital introduces the AI-driven OPTIFIE tool at the San Jose 2025 AI event.

    July 27, 2025

    Pharmaceutical Payers and Suppliers Embracing AI Technology

    July 25, 2025

    Rephrase the title for the Client challenge.

    July 25, 2025

    How Generative Tools Transform Marketing and Investor Engagement in Fintech

    July 25, 2025
  • Acquisitions

    African fintech leaders are shaping the industry through worldwide acquisitions.

    June 30, 2025

    Acrisure obtains significant funding to enhance its fintech strategy.

    June 14, 2025

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025

    Wealthsimple hires multiple teams to enhance family financial management.

    May 31, 2025

    The HPS of Morocco plans to acquire a Fintech company by 2027, referred to as CEO – TradingView News.

    May 3, 2025
  • Trends

    European fintech company Tractial boosts its Bitcoin holdings to 25.03 BTC, highlighting trends in institutional cryptocurrency adoption.

    July 24, 2025

    Impacts of Q2 2025 Success for QCR Holdings Compared to Revenue Shortfall: A Disconnect in the Fintech Sector

    July 24, 2025

    Trends in Fintech and Key Safety Considerations

    July 22, 2025

    Market size, share, trends, and business profiles in the Fintech industry

    July 10, 2025

    Overview of the FINCH 2025 Market and Participant Profiles

    July 5, 2025
  • Insights

    Bruce Markets obtains strategic investment from Apex Fintech Solutions, Robinhood, and Tastytrade.

    July 23, 2025

    ICAPITAL Fintech Achieves a Valuation Exceeding $7.5 Billion in Recent Fundraising Amid Surge in Private Markets

    July 10, 2025

    Alphalésaka Technologies: The Potential Transformative Impact of Recent Fintech Acquisition

    July 9, 2025

    Surge Continuation Funds in Europe Prepared for the 2025 Records – Fintech Schweiz Digital Finance News

    July 7, 2025

    Schaeffer Investment Research Scholarships Break Through Significant Resistance Levels

    June 27, 2025
  • Rumors

    Kakaopay Stock Halted Amid Concerns Over Stablecoins

    July 26, 2025

    JPMorgan’s new fintech fees are provoking a response from the industry.

    July 26, 2025

    Bitcoin Surged 2.00% in 24 Hours Amid Trump’s Cryptographic Market Rumors

    July 26, 2025

    A rapidly expanding fintech amid high valuations and future profits

    July 25, 2025

    Fast Track Group refutes $37 million in direct supply allegations and responds to market speculation.

    July 21, 2025
  • Startups

    Indian startups attract $211 million, driven by investments in AI, fintech, and deep tech.

    July 26, 2025

    The Rise of Ethereum: Prospects and Obstacles for Fintech Startups

    July 26, 2025

    The initial employee at Stripe who founded Fintech Increase has acquired a bank.

    July 26, 2025

    A collaboration between Reit and White-Babel software to speed up transactions.

    July 25, 2025

    Clowd9 encourages the development of Lagos fintech in London

    July 25, 2025
  • finjobsly
fintechbits
Home » Fintech Octane Closes $125 Million Asset-Backed Securitization – RVBusiness
Breaking News

Fintech Octane Closes $125 Million Asset-Backed Securitization – RVBusiness

3 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Octane Logo Og.png
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

NEW YORK – Octane (Octane Lending, Inc.), the “fintech” – a term for a financial company using innovative technology that the company says is revolutionizing the shopping experience for major recreational purchases – announced that it has closed a securitization of 125 .76 million dollars (OCTL 2024-RVM1). The notes will be secured by a pool of retail installment loans issued through Octane’s in-house lender, Roadrunner FinancierInc. that are secured by new and used recreational vehicles (RVs), motorboats and hybrid pontoons.

This is Octane’s first transaction under its new RV/Marine shelf, designated by the ticker symbol “RVM.” Octane has completed 14 asset-backed securitizations since launching its program in December 2019, including OCTL 2024-1, OCTL 2024-2And OCTL 2024-3 in 2024. In the company’s last six powersports ABS transactions, RV and marine loans represented approximately 1.35% or less of the pool.

OCTL 2024-RVM1 consists of five classes of fixed rate notes: Class A, Class B, Class C, Class D and Class E, which Standard & Poor’s (S&P)* has rated AAA, AA, A, BBB and BB. respectively, in a private offering pursuant to Rule 144A under the Securities Act of 1933, as amended. ATLAS SP Securities acted as lead manager and structuring agent, Truist Securities as joint bookrunner and JP Morgan Securities and Mizuho as co-managers.

“We are pleased to build on our history of success in ABS by issuing our first securitization fully backed by RV and marine collateral, which has been extremely well received by the market,” said Steven Fernald, President and Director financial officer of Octane. “Thanks to strong interest from a large number of new investors as well as our existing long-term investor partners, we are well positioned to continue to significantly grow our business in 2025 and beyond.”

Octane entered the RV market in 2022has doubled its productions in 2023 and is on track to double its VR productions again year-over-year in 2024. Octane first started pontoon financing in 2022 and entered the wider world marine market this fall.

Octane continues to maintain diversity capital markets strategy. In addition to having completed more than $4 billion in asset-backed securitizations to date, the company exceeded $5 billion in total amounts in September 2024 and has announced or completed more than $1 billion in whole loan sales since December 2023, including to large asset managers, alternative asset managers and credit unions, while maintaining capacity of revolving debt of approximately $1 billion. Earlier this year, Octane has completed its Series E funding roundbringing its total equity raised since its creation to $242 million.

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 securities laws. of such jurisdiction.

*S&P’s complete ratings analysis, including updates, for you to view and understand is available at spglobal.com and is accessible here.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The Journey of Sofi: Transitioning from Student Loans to Fintech Dominance

July 25, 2025

This Week in Fintech: Biweekly News Summary for June 24

July 19, 2025

Fintech and Global Expansion as Russia’s National Center Hosts a Major Session at SPIEF 2025 in Salt Lake City News, Weather, and Sports Updates

July 15, 2025
Leave A Reply Cancel Reply

Latest news

How Firex21 Capital Transforms the Global Investment Landscape with Astratoan

July 27, 2025

Eurasian Frontier Financial Capital introduces the AI-driven OPTIFIE tool at the San Jose 2025 AI event.

July 27, 2025

Nicaragua enhances its Fintech ecosystem through an updated regulatory framework.

July 27, 2025
News
  • AI in Finance (1,401)
  • Breaking News (159)
  • Corporate Acquisitions (65)
  • Industry Trends (181)
  • Jobs Market News (296)
  • Market Insights (192)
  • Market Rumors (257)
  • Regulatory Updates (154)
  • Startup News (939)
  • Technology Innovations (156)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,401)
  • Breaking News (159)
  • Corporate Acquisitions (65)
  • Industry Trends (181)
  • Jobs Market News (296)
  • Market Insights (192)
  • Market Rumors (257)
  • Regulatory Updates (154)
  • Startup News (939)
  • Technology Innovations (156)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.