One Inc Celebrates Year of Growth, Innovation, and Client Collaboration

Business Wire

Third Consecutive Year of 50%+ Annual Growth Highlights Continued Industry Leadership

FOLSOM, Calif.--(BUSINESS WIRE)--
One Inc, the leading digital payments network for the insurance industry, today shared highlights of a transformative year marked by significant achievements. Built on principles of collaboration, innovation, and adaptability, 2024 underscored One Inc’s commitment to digitalizing all payments across the insurance ecosystem.

With revenue growth of 55%, 87 new agreements closed, and an annual run rate of $100 billion processed, One Inc continued to set new standards for excellence. Over one-third of its insurance carriers are now leveraging the company’s unified software platform, actively utilizing both PremiumPay® and ClaimsPay® to streamline payment processes and optimize workflows. Today, One Inc proudly serves 270 insurance carriers, including 10 of the top 15 insurers in the United States, as well as many regional P&C carriers, Managing General Agents (MGAs), Third Party Administrators (TPAs), and forward-thinking Insurtech disruptors.

Among the year’s notable milestones, Nordic Capital joined Great Hill Partners as an investor in One Inc, with both firms holding equal stakes. This strategic investment reinforces confidence in One Inc’s vision and positions the company to accelerate its growth. “This year’s success was a team effort,” said CEO Ian Drysdale. “Every achievement—from software innovation to client partnerships—is driven by the feedback, trust, and commitment of our investors, carriers and partners. Together, we are making meaningful changes in the insurance payments landscape and shaping the future of the industry.”

Throughout 2024, One Inc made significant strides in maximizing operational efficiency and speed for its carriers, delivering 30% faster implementations for both PremiumPay® and ClaimsPay®. These outstanding results stem from insurance-centric enhancements, verticalized solutions, and seamless cloud-based integrations with leading core systems.

These benchmarks were made possible by close collaboration with carriers, whose valuable input helped guide the company's focus on delivering adaptable, high-impact software solutions. Leveraging the power of AI driven automation, One Inc has strategically expanded its proprietary network to include over 900,000 unique P&C vendors, driving greater digital payment adoption and delivering measurable benefits for clients and their customers.

One Inc’s innovation and leadership did not go unnoticed, as the company received several prestigious industry accolades in 2024. These included being recognized as one of CNBC World’s Top Fintech Companies, earning a spot on the Inc. 5000 list for the third consecutive year, and being named Guidewire's Ecosystem Partner of the Year.

About One Inc

One Inc is modernizing the insurance industry for over 270 carriers through a unified and frictionless payment network. Specializing solely in insurance, One Inc enhances carrier operations by cutting costs, boosting security, and improving customer experience. Their all-inclusive digital payments platform offers diverse payment options, multi-channel communications, and swift claim settlements, even for complex cases. As a leading digital payments platform, One Inc handles billions in premiums and claims annually. Recently acknowledged by CNBC as one of the World’s Top Fintech Companies for 2024 and consistently listed on the Inc. 5000 list of Fastest-Growing Companies over the past three years, One Inc stands as a leader in fintech innovation.

For more details, please visit www.oneinc.com.

About Nordic Capital

Nordic Capital is a leading sector-specialist private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and Services & Industrial Tech. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested over EUR 25 billion in close to 150 investments. The most recent entities are Nordic Capital XI with EUR 9.0 billion in committed capital and Nordic Capital Evolution II with EUR 2.0 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway, and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com.

"Nordic Capital" refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital's entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as "Nordic Capital Advisors."

About Great Hill Partners

Founded in 1998, Great Hill Partners is a private equity firm targeting investments of $100 million to $500 million in high-growth companies across the software, financial services, healthcare, consumer, and business services sectors. With offices in Boston and London, Great Hill has raised over $12 billion of commitments and invested in more than 100 companies, establishing an extensive track record of building long-term partnerships with entrepreneurs and providing flexible resources to help middle-market companies scale. Great Hill has been recognized for its industry leadership, being ranked in the top five of HEC Paris-Dow Jones' Mid-Market Buyout and Performance Ranking lists from 2021-2024. For more information, including a list of all Great Hill investments, visit www.greathillpartners.com.