Tech company One Inc honored with CNBC's Top 300 accolade
In the dynamic world of fintech, One Inc continues to make significant strides in modernising insurance payments. The company's unified and frictionless payment network, supporting a wide array of modern payment options, has caught the attention of industry leaders.
One Inc's platform, designed specifically for insurance carriers, processes billions of dollars in annual premiums and claims. With over 1 million vendors included in its network, the company processes more than $120 billion in annual payments. This impressive infrastructure serves over 280 customers in the insurance industry.
The platform's key features include support for various payment types and business models, advanced security protocols, enhanced customer experience and retention, operational efficiency and cost reduction, seamless integration and configurability, and specialized workflows for swift claims payments.
One Inc's commitment to modernising insurance payments and addressing the changing needs of policyholders has been validated by several accolades. The company was recently named one of CNBC's InsureTech award winners, recognised in the Payments category for companies redefining digital transactions. This marks the second consecutive year that One Inc has been included in CNBC's Top 300 Global Fintech Companies list.
Ian Drysdale, CEO of One Inc, expressed pride in the recognition, attributing it to the team's dedication and outstanding work. The company's robust digital platform features a wide range of modern payment options, specialized workflows, multi-channel communication capabilities, and swift claims payments.
One Inc's specialisation in insurance payments has also attracted the attention of AAA Life Insurance Company. The company will be using One Inc's PremiumPay® solution for digital payment processing.
Meanwhile, in the broader fintech landscape, Rapyd, a global Fintech as a Service company, has secured a $300 million Series E funding round led by Target Global. The funding round was joined by several new investors including funds managed by Fidelity Management and Research Company, Altimeter Capital, Whale Rock Capital, BlackRock Funds, and Dragoneer.
These developments underscore the growing importance of digital payment solutions in the insurance and fintech industries, with One Inc leading the charge in providing a comprehensive digital experience for processing premiums and claims.
- The significant strides made by One Inc in modernising insurance payments have attracted the attention of AAA Life Insurance Company, who will be using One Inc's PremiumPay® solution for digital payment processing.
- One Inc's robust digital platform, recognized by CNBC as redefining digital transactions in the InsureTech sector, features a wide range of modern payment options, specialized workflows, multi-channel communication capabilities, and swift claims payments.
- In the fintech landscape, the rapid growth of digital payment solutions is evident, as shown by Rapyd's successful Series E funding round of $300 million, highlighting the importance of such solutions in both the insurance and fintech industries.
