Octane Lending promoted two leaders to executive vice president positions. Jon Vestal is the executive vice president, head of Powersports & Outdoor Power Equipment and Kartik Kothari is executive vice president and deputy chief financial officer.
CEO and co-founder Jason Guss said, “With their myriad accomplishments and wealth of expertise, Jon and Kartik have proven themselves to be outstanding leaders.”
Vestal has served in various leadership roles at the company since 2017. He contributed to Octane’s entrance into the RV, tractor, trailer and mower markets. He contributed to the lender surpassing $5 billion in aggregate originations and $1.6 billion in annual originations in 2024. Last year, Vestal strengthened Octane’s relationships with Kawaski and CFMoto. He expanded its offerings by partnering with RideNow to launch RideNow Finance, which provides digital tools, financing and marketing. He assisted the company in partnering with Polaris and Bombardier Recreational Products (BRP).
Before joining Octane, Vestal served as national sales director for another lender.
Kothari has nearly 20 years of financial service experience across fintech, consumer finance and banking. Since he joined the company in 2021, Octane has launched new markets and products to strengthen its financial strategy. Under Kothari’s leadership, the company has deepened relationships with partners, capital markets and investors.
Before joining Octane, Kothari spent 13 years at Barclays as a director in the Financial Institutions Group in investment banking. He advised companies’ mergers and acquisitions, joint ventures, debt financers and partnerships.
Guss said, “Octane’s ability to attract and develop exceptional talent has always been a key driver in our success and I am even more optimistic about the future of our company with such strong executives on our team.”
