One Inc, a pioneering digital payments platform dedicated to revolutionising the North American insurance industry, has recently announced a significant new investment from Nordic Capital.
This strategic financial injection is aimed at accelerating One Inc’s growth and product innovation within the InsurTech sector. Nordic Capital, renowned for its extensive experience and activity in the technology and payments sectors, will be joining forces with Great Hill Partners, an investor since 2020, who alongside One Inc’s current management team, will maintain an equal stake in the company.
Founded in 2012, One Inc has set its sights on modernising and digitalising the insurance payments process. Through its cutting-edge technology, the company places a strong emphasis on customer-centric transactions, seamlessly integrating premium payments and claims disbursement into a single comprehensive platform.
This integration not only ensures a frictionless payment experience but also supports the integration with both modern and legacy core insurance systems, fostering policyholder engagement through their preferred channels while securely processing transactions.
One Inc’s robust payment network, boasting over 700,000 vendors and serving more than 240 customers including notable names like Amica Insurance and MAPFRE, is uniquely positioned to lead this transformation, evidenced by its impressive 65% year-over-year revenue growth.
One Inc CEO Ian Drysdale commented on the partnership, “We have built an amazing business in collaboration with our insurer clients by putting them at the center of everything we do. We continue to see exponential growth and excellent customer loyalty, underscoring the strength of our model and industry-leading payments network of more than 700,000 vendors.
“The sector experience and resources that Nordic Capital and Great Hill bring to this partnership will fuel additional product innovation and drive new opportunities for growth as we continue to provide solutions that improve efficiency and boost revenue for today’s insurers.”
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