Nordic Capital to invest in Great Hill Partners-backed One.

Nordic Capital, a private equity company, agreed to invest in Great Hill Partners-backed One, a digital payments platform specializing in modernizing the insurance industry in North America. Financial terms were not disclosed. "One Inc has been at the forefront of helping to shape the future of the insurance industry through digitalization and transformative products that seek to make the payment process as seamless as possible. Led by a seasoned and talented management team, the Company has consistently demonstrated its ability to innovate for customers. Since our initial investment in One Inc, the business has rapidly grown volume processed by 13x and is still early in market adoption, so we continue to have strong conviction in its potential to further scale. We welcome Nordic Capital to the investor group and look forward to combining our expertise with their deep industry experience to support the Company's continued growth," Matt Vettel and Nick Cayer, Great Hill Partners Managing Directors.