One Inc acquires Invenger Technologies for modernising insurance industry

By Pavithra R

One Inc, a leading provider of digital payments platform designed to increase retention, decrease admin expenses, and mitigate data security risk has announced that the company has acquired Invenger Technologies (Invenger), a growing IT services company that enhances its customer experience with a focus towards providing higher performance and better quality.

The acquisition includes Invenger’s flagship digital claims payment product, Invenger-InsurPay. The transaction positions One Inc to lead the market in premiums and claims payment processing.

“We are excited to add the Invenger-InsurPay claims payment solution into our digital payments platform and combine our resources to provide even better solutions for our customers and the industry as a whole. With a combined portfolio of more than 160 customers, it is another giant leap forward in our mission to help modernize the insurance industry through a frictionless payments experience,” said Christopher Ewing, president, and CEO of One Inc.

One Inc’s Digital Payments Platform is built specifically for insurance and provides a full-stack inbound-outbound payment solution that includes customer engagement functionality, integrated reporting and reconciliation, and flexible payment capabilities. Invenger-InsurPay, similar to One Inc’s ClaimsPay digital disbursement product, offers a choice of payment methods and enables insurers to pay policyholders, claimants, vendors, mortgagees, and lienholders through one platform as either single or multiple payees.

“Combining the power and potential of both sets of technology at One Inc and Invenger is truly thrilling. We will increase out-of-the-box functionality, speed up integration, reduce costs, and ultimately, provide a better experience to our insurance partners and their end-users,” said Krishna Mohan Pai, CEO of Invenger.

Founded in 2012 by former insurance executives Christopher Ewing and Tim Tyannikov, One Inc provides insurance companies a digital payments platform and helps insurers to deliver a frictionless payment experience through software solutions.