The investor’s payments and SaaS expertise is key to helping One Inc refine its sales and marketing capabilities at a time of rapid growth and refocus on insurance-specific payment functionality.
One Inc (Folsom, Calif.), a digital payments solutions vendor focused exclusively on the insurance industry, today announced that it has completed a recapitalization led by Great Hill Partners, a Boston-based growth-oriented private equity firm. The recapitalization represents a change of ownership and a focus on One Inc’s payment solutions after a period of venturing into a broader insurance platform offering. As a result of the acquisition, Matt Vettel, a managing partner at Great Hill, and Nick Cayer will join the One Inc’s board of directors. Read More