Octane raises $52M at a $900M+ valuation to help people finance large recreational purchases
But not every big purchase is a necessity. Some are more for fun, and the financing options for those types of buys – such as motorcycles and ATVs – are more limited. Today, Octane Lending , a company that embarked seven years ago on remedying that, announced it has raised $52 million in a Series D round of funding that values the company at over $900 million.
The company, which offers “instant” financing for large recreational purchases, boasts impressive financials in a startup world whose inhabitants are mostly unprofitable. It has been doubling revenue annually, and CEO and co-founder Jason Guss projects that the company will see “over $100 million in revenue” this year. Read more
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