← Embedded Finance Index 2026

Outdoorsy

“Can a peer-to-peer RV and outdoor travel marketplace become the full financial infrastructure layer — payments, lending, insurance, and capital — for RV owners and outdoor hospitality entrepreneurs?”

Founded2014
HQAustin, TX, USA
FoundersJeff Cavins, Jen Young
Total raised$81.5M+
Latest roundPE Growth
IndustryMarketplace / Two-sided
The story

Founded in late 2014 as a peer-to-peer RV rental marketplace, Outdoorsy positioned itself as the 'Airbnb of RVs,' unlocking the roughly 14–20 million privately owned RVs in the US. As the platform scaled, Outdoorsy embedded financial services — first automating owner payouts via Modern Treasury and Plaid, then launching an RV loan product with Lead Bank, and adding BNPL (PayPal Pay In 4) and travel insurance (Roamly/Mobilitas/Assurant). By 2023 the company had expanded beyond RV rentals into glamping with the $30M Oasis Fund, deepening its financial services layer to support a broader outdoor travel ecosystem.

Last 12 months
2023-08
Product timeline
2014
Outdoorsy founded by Jeff Cavins and Jen Young as a peer-to-peer RV rental marketplace.· pivot
2018
Raised $25M Series B; began scaling peer-to-peer RV rental platform nationally.· banking
2019
Raised $50M Series C led by Greenspring Associates; expanded to over 14M privately owned RVs addressable in the US.· banking
2021
Launched RV loan product in partnership with Lead Bank to offer competitive refinancing to RV owners.· lending
2021
Integrated Modern Treasury and Plaid to automate owner payouts, reducing payout time from 3-5 days to 24 hours.· banking
2022
Launched PayPal Pay In 4 BNPL offering and Roamly travel insurance for trip cancellation coverage.· insurance
2023
Launched $30M 'Oasis Fund' with banking partners to finance glamping tent purchases for entrepreneurs.· lending
The stack
6 layers disclosed in Outdoorsy’s embedded-finance stack
Payments / PSP
PayPal
Money movement
in the full report
Ledger
in the full report
Lending
in the full report
Open banking
in the full report
Sponsor bank
in the full report
Accounting gap: significant
6 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.