Powersports Fintech Firm Announces Promotions

By Staff Writer February 02, 2025

Fintech firm Octane has promoted two executives to executive vice president, the first to hold the new title. Both appointments were effective Jan. 1, 2025.

Jon Vestal has been named executive vice president, head of powersports & outdoor power equipment (OPE). During his seven years with Octane, Vestal has been integral to Octane’s achievement of countless milestones, including surpassing $5B in aggregate originations and $1.6 billion in annual originations in 2024. Vestal has held numerous leadership roles of increasing seniority since joining Octane in 2017. Vestal holds a B.S. in Finance from the University of Central Missouri.

Kartik Kothari has been named executive vice president & deputy chief financial officer. With nearly 20 years of financial services experience across fintech, consumer finance, and banking, Kothari has had a considerable impact on Octane since joining the company in 2021. Earlier in his career, he spent 13 years at Barclays as a director in the financial institutions group in investment banking, where he advised companies on IPOs, mergers and acquisitions, joint ventures, partnerships, and debt financings. Kothari holds a B.S. in Economics from Rutgers University and is a CFA charterholder.

“With their myriad accomplishments and wealth of expertise, Jon and Kartik have proven themselves to be outstanding leaders,” said Jason Guss, CEO and co-founder of Octane. “I’m grateful for their significant contributions to Octane and thrilled that they will help guide Octane’s next phase of growth in their new roles.”

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Last modified on Tuesday, 04 February 2025 13:17