Fintech company uses FICO® Auto Score 10 to help grow originations by 36% and responsibly expand credit access in the recreational market, including Powersports, RV, and Outdoor Power Equipment

Highlights:

  • In 2024, Octane grew originations by 36% year-over-year and closed four AAA-rated asset-backed securitizations, surpassing $4B in asset-backed securitization to date*.
  • By leveraging FICO® Auto Score 10 alongside its own proprietary credit model to support its risk program, Octane helped its 4000 dealer partners instantly prequalify their customers.
  • Octane has won a 2025 FICO® Decision Award for Customer Onboarding & Management for its technological innovation, streamlined onboarding process, and commitment to responsibly expanding credit access.

Global analytics software leader FICO today announced that Octane (Octane Lending, Inc.), the fintech revolutionizing the buying experience for major recreational purchases, earned a 2025 FICO® Decision Award for Customer Onboarding and Management. Since 2016, Octane has partnered with FICO to support its risk management and responsibly expand credit access.

Octane has transformed the financing experience for recreational markets with its digital tools, credit products, and technology-powered end-to-end financing experience. Octane uses FICO® Auto Score 10, part of the most powerful and predictive FICO® Score suite to-date, and its own Octane Score, to more accurately assess the risk of an enthusiast making lifestyle purchases. By focusing on predictive analytics, Octane has expanded credit access while maintaining the highest risk management standards.

“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.”

More information: https://www.fico.com/en/latest-thinking/solution-sheet/fico-auto-score-10

Octane offers merchants a technology platform and end-to-end product suite to help them offer a seamless financing experience to customers, increasing dealer and OEM sales and profitability. In 2024, Octane increased originations by 36% year-over-year by developing unique lead generation and customer engagement technology, as well as offering innovative financing products that integrate FICO® Auto Score 10. Octane’s award-winning prequalification tool, Prequal Flex®, allows its 1,200 users to embed a unique-to-them financing link or QR code into their online and in-person marketing. Prequal Flex features a soft credit pull that doesn’t impact a buyer’s credit score until a contact is generated, empowering more customers to take the first step in the buying process. As a result, it’s easier for dealers to connect with new customers, understand a customer’s buying power, and close more deals. In 2024, Octane introduced Dealer Portal 2.0, the most advanced version of its industry-leading dealer financing platform, which offers smarter, faster credit decisions, reducing the time it takes for dealers to close deals.

“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.”

As a result of its strong risk management and credit performance, Octane has developed a robust capital markets program driven in large part by its use of FICO® Scores; it has issued more than $4 billion of asset-backed securities (ABS) since its ABS program began in 2019. In 2024, Octane’s program closed four asset-backed securitizations, including OCTL 2024-RVM1, the first securitization backed wholly by RV and Marine collateral in twenty years. Through this program, the company has also sold or entered into forward flow commitments of over $2 billion since its first whole-loan sale in late 2023 and has originated more than $6 billion in aggregate originations.

About FICO® Auto Score 10

Developed using recent credit bureau data and designed to be backward compatible, FICO® Auto Score 10 provides greater predictive power over all previous versions of FICO® Auto Scores without sacrificing the trusted FICO® Score minimum scoring criteria and user experience.

About the FICO® Decision Awards

The FICO Decisions Awards recognize organisations that are achieving remarkable success using FICO solutions. A panel of independent judges with deep industry expertise evaluates nominations based upon measurable improvement in key metrics; demonstrated use of best practices; project scale, depth and breadth; and innovative uses of technology. The 2025 judges are:

  • Regan Goble, risk analytics senior manager at Westpac NZ (Previous Winner)
  • Megha Kumar, research vice president at IDC
  • Joe McKendrick, analyst and senior contributor at Forbes
  • Luiz Pacete, technology and marketing industry influencer
  • Ali Paterson, founder and editor-in-chief at Fintech Finance
  • Mike Roberts, head of unsecured retail risk at HSBC UK bank (Previous Winner)
  • Erin Stillwell, EVP, payment partnerships at Blankfactor
  • Allan Tan, group editor-in-chief at Cxociety

*The full analysis for S&P’s ratings, including any updates, which you should review and understand, is available on spglobal.com and can be accessed here.

About FICO

FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency.

Learn more at https://www.fico.com/en.

Join the conversation at https://x.com/FICO_corp & https://www.fico.com/blogs/.

For FICO news and media resources, visit https://www.fico.com/en/newsroom.

FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.

FICO Media Contact Julie Huang press@fico.com

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