Octane Grows Lending by 36% with FICO Auto Score 10

Transforming Financing in the Recreational Market

Octane Lending is transforming recreational financing using Auto Score 10 T to drive smarter, faster credit decisions. By leveraging Auto Score 10 T, it has earned a 2025 FICO® Decision Award for Customer Onboarding and Management. Since 2016, Octane has partnered with FICO to support its risk management strategy and responsibly expand credit access.

Octane uses FICO® Auto Score 10, part of the most powerful and predictive FICO® Score suite to date, along with its own proprietary Octane Score, to more accurately assess risk for enthusiasts making lifestyle purchases. By focusing on predictive analytics, Octane has expanded credit access while maintaining the highest standards of risk management.

“We’re proud to transform the financing experience with our powerful technology and unique end-to-end product suite. By building strong risk programs, we ensure that our business remains profitable and we continue to support our partners,” said Mark Molnar, Chief Risk Officer at Octane. “FICO Auto Score 10 underpins our risk management capabilities and positions us for long-term growth as we continue to serve our partners with innovative technology and best-in-class offerings.”

Record Growth and Industry Recognition

In 2024, Octane grew originations by 36% year-over-year and closed four AAA-rated asset-backed securitizations, surpassing $4 billion in asset-backed securitization to date. These milestones were made possible through Octane’s unique lead generation and customer engagement technology and its innovative financing products that integrate FICO Auto Score 10.

Octane also launched Dealer Portal 2.0, the most advanced version of its dealer financing platform, which supports faster, smarter credit decisions and reduces deal-closing time. Additionally, the company’s award-winning prequalification tool, Prequal Flex®, empowers 1,200 users to seamlessly embed personalized financing links or QR codes into marketing materials. Using a soft credit pull, it helps dealers better connect with customers, understand their buying power, and close more deals.

Balancing Innovation with Risk Management

Octane offers a technology platform and end-to-end financing suite that streamlines the buying journey for recreational purchases in categories like Powersports, RV, and Outdoor Power Equipment. By enabling instant prequalification through 4,000 dealer partners, Octane supports responsible credit access and greater financing transparency.

“Octane has proven to be an innovative leader in the fintech and powersports industry,” said Julie May vice president and general manager of scores at FICO. “The company has achieved remarkable success by leveraging FICO Auto Score 10 and building a seamless, end-to-end customer experience designed to empower its customers and partners alike.”

“Octane isn’t just streamlining financing—it’s making it easier for people to turn their passions into reality,” said Joe McKendrick, analyst and senior contributor at Forbes, one of the FICO Decision Awards judges. “Octane’s ability to balance risk management with a seamless customer experience stood out to the judges. By integrating smart credit decisioning, it’s giving more consumers access to recreational purchases while helping dealers grow their businesses.”

Building a Strong Capital Markets Program

With a foundation of responsible growth and rigorous credit performance, Octane has developed a robust capital markets program. Since its inception in 2019, the company has issued more than $4 billion in asset-backed securities (ABS) and closed four securitizations in 2024 alone.

This includes OCTL 2024-RVM1, the first securitization backed solely by RV and Marine collateral in two decades. The company has also sold or entered into forward flow commitments exceeding $2 billion and originated over $6 billion in aggregate originations.

How FICO Can Help With Auto Score 10 T and Smarter Credit Decisioning

To learn more about FICO Auto Score 10, visit:
https://www.fico.com/en/latest-thinking/solution-sheet/fico-auto-score-10

To see all the winners of the 2025 FICO Decision Awards, check out:
https://www.fico.com/en/decisionawards

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