Digital Payments Leader Ranked on the Strength of 218% Growth Over Three-Year Period
FOLSOM, Calif. – (August 13, 2024) – One Inc, the leading digital payments network for the insurance industry, is proud to announce its inclusion in the Inc. 5000 list of fastest-growing private companies in America for a third consecutive year. This recognition highlights One Inc's continued expansion in the digital payments insurance sector, boasting a 218% growth rate over a three-year period. Published annually, Inc. 5000 celebrates the fastest-growing private companies in the United States, honoring their exceptional achievements in business development and innovation.
One Inc’s powerful payment network, which includes 770,000 vendors and processes more than $85 billion in annual payments, is at the forefront of this transformation. Serving over 250 customers, the company grew revenue 65% in 2023. Additionally, increased adoption of the One Inc vendor network drove an average client digitization rate to 75%.
“We are proud and honored to be named to the Inc. 5000 list for the third consecutive year,” said Ian Drysdale, CEO of One Inc. "Our commitment to innovation and industry modernization through our payment solutions remains steadfast and we will continue to equip our customers with cutting-edge tools to shape the future of payments. This recognition is a tribute to the entire One Inc team and our collaborative efforts with our customers to advance digital commerce.”
The company’s growth highlights the expansive and rapidly evolving nature of the technology and payments sector, driven by major trends such as regulation, digitalization, and advanced AI tools. Earlier this year, Stockholm-based Nordic Capital made a strategic investment in One Inc, joining Great Hill Partners to support further product innovation and create new growth opportunities. This investment promises to help One Inc continue to deliver solutions that enhance efficiency and drive revenue for modern insurers.
With over a decade of experience in powering payments exclusively for the insurance industry, One Inc has revolutionized how carriers manage transactions. By minimizing reliance on paper checks, carriers can now offer fast, secure digital payment options through policyholder’s preferred channels and methods. This includes traditional direct deposits and payments via popular consumer platforms such as Venmo, Zelle, and PayPal.
Other notable achievements in 2023:
- Announced a partnership with J.P. Morgan Payments to elevate property and casualty insurance claims payments
- Added to the One Inc extensive partner ecosystem: three new core system providers and three new global systems integrators.
- Welcomed 183 new hires, with now over 770 resources solving complex use cases for carriers.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the new issue of Inc. magazine, available on newsstands beginning Tuesday, August 20.
About One Inc
One Inc is modernizing the insurance industry through a unified and frictionless payment network. Focusing only on the insurance industry, One Inc helps carriers transform their operations by reducing costs, increasing security, and optimizing customer experience. The comprehensive end-to-end digital payments platform provides expanded payment options, multi-channel digital communications and rapid digital claim payments, even for the most complex insurance use cases. As one of the fastest growing digital payments platforms in the insurance industry, One Inc manages billions of dollars per year in premiums and claim payments.
For more information, please visit One Inc.
Media Contact:
Will Link
Stanton Public Relations & Marketing
oneinc@stantonprm.com
(646) 502-3570
