STOCK TITAN

One Inc Names Michael Ellis as Chief Financial Officer

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

One Inc, a leading digital payments network for the insurance industry, has appointed Michael Ellis as its new Chief Financial Officer, effective August 5, 2024. Ellis brings over 30 years of experience in scaling payment technology companies, including his role as CFO at Flywire (NASDAQ: FLYW), where he led the company through its 2021 IPO. In his new position, Ellis will oversee One Inc's financial activities and collaborate with CEO Ian Drysdale to guide the company's future direction.

The appointment comes as One Inc aims to expand its digital payments platform, foster product innovation, and create new opportunities for modern insurers. The company currently handles annual payments of USD 81 billion, serves over 245 insurance industry customers, and has a network of over 760,000 vendors.

One Inc, una rete leader nei pagamenti digitali per il settore assicurativo, ha nominato Michael Ellis come nuovo Chief Financial Officer, con effetto dal 5 agosto 2024. Ellis porta con sé oltre 30 anni di esperienza nella crescita di aziende tecnologiche di pagamento, incluso il suo ruolo come CFO presso Flywire (NASDAQ: FLYW), dove ha guidato l'azienda attraverso la sua IPO nel 2021. Nella sua nuova posizione, Ellis supervisionerà le attività finanziarie di One Inc e collaborerà con il CEO Ian Drysdale per guidare la direzione futura dell'azienda.

Questa nomina arriva mentre One Inc mira a espandere la sua piattaforma di pagamenti digitali, favorire l'innovazione dei prodotti e creare nuove opportunità per gli assicuratori moderni. Attualmente, l'azienda gestisce pagamenti annuali per 81 miliardi di USD, serve oltre 245 clienti del settore assicurativo e dispone di una rete di oltre 760.000 fornitori.

One Inc, una red líder en pagos digitales para la industria de seguros, ha nombrado a Michael Ellis como su nuevo Director Financiero, que entrará en vigor el 5 de agosto de 2024. Ellis aporta más de 30 años de experiencia en la expansión de empresas de tecnología de pagos, incluyendo su rol como CFO en Flywire (NASDAQ: FLYW), donde dirigió a la compañía durante su IPO en 2021. En su nuevo cargo, Ellis supervisará las actividades financieras de One Inc y colaborará con el CEO Ian Drysdale para guiar la futura dirección de la empresa.

La designación llega mientras One Inc busca expandir su plataforma de pagos digitales, fomentar la innovación de productos y crear nuevas oportunidades para los aseguradores modernos. Actualmente, la empresa maneja pagos anuales por 81 mil millones de USD, atiende a más de 245 clientes de la industria de seguros y cuenta con una red de más de 760,000 proveedores.

One Inc는 보험 산업을 위한 주요 디지털 결제 네트워크로, Michael Ellis를 새로운 최고 재무 책임자로 임명했습니다. 이는 2024년 8월 5일부터 유효합니다. Ellis는 결제 기술 회사를 확장하는 데 30년 이상의 경험을 보유하고 있으며, Flywire (NASDAQ: FLYW)의 CFO로서 2021년 IPO를 성공적으로 이끌었습니다. Ellis는 One Inc의 재무 활동을 감독하고 CEO Ian Drysdale와 협력하여 회사의 미래 방향성을 제시할 것입니다.

이번 임명은 One Inc가 디지털 결제 플랫폼을 확장하고, 제품 혁신을 촉진하며, 현대 보험사를 위한 새로운 기회를 창출하고자 하는 노력의 일환입니다. 현재 회사는 연간 810억 달러의 결제를 처리하며, 245명 이상의 보험 산업 고객을 보유하고 있고, 76만 개 이상의 공급업체 네트워크를 운영하고 있습니다.

One Inc, un réseau leader dans les paiements numériques pour l'industrie de l'assurance, a nommé Michael Ellis comme nouveau Directeur Financier, effectif à partir du 5 août 2024. Ellis apporte plus de 30 ans d'expérience dans le développement d'entreprises de technologie de paiement, y compris son rôle en tant que CFO chez Flywire (NASDAQ: FLYW), où il a dirigé l'entreprise lors de son introduction en bourse en 2021. Dans son nouveau poste, Ellis supervisera les activités financières de One Inc et collaborera avec le PDG Ian Drysdale pour orienter la direction future de l'entreprise.

Ce recrutement intervient alors que One Inc vise à élargir sa plateforme de paiement numérique, à favoriser l'innovation produit et à créer de nouvelles opportunités pour les assureurs modernes. L'entreprise gère actuellement des paiements annuels de 81 milliards USD, sert plus de 245 clients du secteur de l'assurance et dispose d'un réseau de plus de 760 000 fournisseurs.

One Inc, ein führendes digitales Zahlungsnetzwerk für die Versicherungsindustrie, hat Michael Ellis zum neuen Chief Financial Officer ernannt, der am 5. August 2024 in Kraft tritt. Ellis bringt mehr als 30 Jahre Erfahrung in der Skalierung von Zahlungstechnologieunternehmen mit, darunter seine Rolle als CFO bei Flywire (NASDAQ: FLYW), wo er das Unternehmen durch den Börsengang im Jahr 2021 führte. In seiner neuen Position wird Ellis die finanziellen Aktivitäten von One Inc überwachen und mit CEO Ian Drysdale zusammenarbeiten, um die zukünftige Ausrichtung des Unternehmens zu steuern.

Die Ernennung erfolgt, während One Inc beabsichtigt, seine digitale Zahlungsplattform auszubauen, Produktinnovationen zu fördern und neue Möglichkeiten für moderne Versicherer zu schaffen. Das Unternehmen verwaltet derzeit jährliche Zahlungen von 81 Milliarden USD, bedient über 245 Kunden aus der Versicherungsbranche und verfügt über ein Netzwerk von mehr als 760.000 Anbietern.

Positive
  • Appointment of experienced CFO Michael Ellis with a strong background in payment technology companies
  • Company handles annual payments of USD 81 billion
  • Serves over 245 insurance industry customers
  • Has a large network of over 760,000 vendors
  • Recent investment from Nordic Capital joining Great Hill Partners
Negative
  • None.

-Industry Veteran Strengthens Leadership Team to Drive Growth & Scale

FOLSOM, Calif.--(BUSINESS WIRE)-- One Inc, the leading digital payments network for the insurance industry, today announced the appointment of Michael Ellis as the company’s new Chief Financial Officer (CFO), effective August 5, 2024. As CFO, Ellis will be responsible for overseeing the company’s financial activities and will help guide One Inc’s future direction in collaboration with Chief Executive Officer Ian Drysdale, to whom he will report.

Michael Ellis (Photo: Business Wire)

Michael Ellis (Photo: Business Wire)

Ellis joins One Inc with over 30 years of experience and a record of success in scaling payment technology companies. Ellis served as CFO at Flywire (NASDAQ: FLYW), a global payment solutions provider. He led them through their 2021 IPO, and was responsible for the company’s financial, investor relations, FP&A, treasury and tax teams. Ellis also was CFO & Advisor to BillGO, a bill pay platform and network for the world’s largest banks and Fintech companies.

Earlier in his career, he served as the CFO at CashStar, a provider of digital gifting solutions for retailers, the CFO of Eze Castle Software, and has held a variety of leadership positions including Controller at the Massachusetts Port Authority, VP Finance at Flagship Ventures and Director, Transaction Services at PwC LLC.

“Michael’s proven track record, strong business leadership, and history of delivering results will be invaluable as we continue to innovate and drive growth in the rapidly evolving digital payments infrastructure landscape,” said Ian Drysdale, CEO of One Inc. “I look forward to working closely with Mike and the One Inc leadership team in support of our goals to extend our category leadership and deliver on our vision of enabling insurers to deliver a best-in-class digital payment experience for their customers.”

The announcement comes as the Folsom-based company looks to expand its digital payments platform, foster product innovation, and create new opportunities to offer solutions that enhance efficiency and increase revenue for modern insurers. Earlier this year, Nordic Capital announced it joined Great Hill Partners as an investor in One Inc.

"I am thrilled to be joining One Inc, a company known for its best-in-class reputation for innovation in the digital payments space,” said Michael Ellis, CFO at One Inc. “The insurance industry is challenged by a landscape shaped by digital transformation and economic shifts which demands constant reinvention and optimization. I look forward to collaborating with the talented team at One Inc to scale the business, drive our financial strategy and deliver exceptional value to our stakeholders and clients, supporting our continued growth and leadership in the market."

One Inc has 750 resources, handles annual payments of USD 81 billion, and has one of the largest networks in the industry with over 760,000 vendors. One Inc proudly serves over 245 customers in the insurance industry, including Amica Insurance, MAPFRE, SageSure, Tower Hill Insurance, Wawanesa Insurance, and others.

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 www.oneinc.com.

Media:

Will Link

Stanton Public Relations & Marketing

OneInc@stantonprm.com

(646) 502-3570

Source: One Inc

FAQ

Who is the new CFO of One Inc and when does he start?

Michael Ellis is the new CFO of One Inc, starting his role on August 5, 2024.

What is Michael Ellis's background before joining One Inc?

Michael Ellis has over 30 years of experience in scaling payment technology companies, including serving as CFO at Flywire (NASDAQ: FLYW) where he led the company through its 2021 IPO.

How much in annual payments does One Inc handle?

One Inc handles annual payments of USD 81 billion.

How many customers does One Inc serve in the insurance industry?

One Inc serves over 245 customers in the insurance industry.

Flywire Corporation Voting

NASDAQ:FLYW

FLYW Rankings

FLYW Latest News

FLYW Stock Data

2.52B
119.10M
2.81%
96.54%
3.94%
Software - Infrastructure
Services-business Services, Nec
Link
United States of America
BOSTON