Octane Closes $700 Million Forward-Flow Deal with New York Life, MetLife Investment Management, and Equitable

Core Insights - Octane has secured a forward-flow facility of up to $700 million, marking its largest agreement to date and its second partnership with life insurance providers [1][5] - The funding will be provided by New York Life ($350 million), MetLife Investment Management ($200 million), and Equitable ($150 million) for fixed-rate installment powersports loans [2] - The company experienced a 36% year-over-year growth in originations in 2024, indicating strong momentum [3] Company Overview - Octane is a fintech company focused on enhancing the buying experience for recreational purchases, utilizing advanced technology and innovative risk strategies [6][7] - The company supports approximately 60 OEM partner brands and over 4,000 dealer partners, employing a team of over 550 in remote and hybrid roles [7] Strategic Partnerships - The partnership with New York Life, MetLife, and Equitable aims to leverage Octane's stable credit performance and attract investment in alternative asset classes [4] - The collaboration is expected to strengthen relationships with these insurance partners and support Octane's growth and service offerings [4]