Insurance payments network One Inc appointed Ian Drysdale as its new chief executive officer while company Co-Founder Christopher Ewing stepped into a new role as chief strategy officer, according to a Tuesday (Aug. 10) press release.
Drysdale comes to the startup with over 25 years of payments industry experience and has served on the One Inc Board of Directors since January, serving as executive chairman. He was president of the payments division for emerging health tech firm Zelis and was instrumental in helping the company scale its operations while also expanding its payments network to 150 payors and 600,000 providers.
He also has held executive and leadership positions at Elavon (U.S. Bank), First Data (now Fiserv) and Worldpay (now FIS), where he and his teams increased revenues and profitability.
Drysdale points to Ewing as being the driving force in building the company “from the ground up into an insurtech leader.”
“He recognized a scale opportunity and built One Inc, bringing both innovation and payments technology to the insurance business, ” Drysdale said of Ewing. “One Inc will continue to benefit from Chris’ guidance and experience as we think strategically about pathways that grow and enhance our product offering and the solutions we provide to clients.”
Ewing co-founded One Inc in 2012 with Tim Tyannikov, who serves as chief technology officer, per the company website. The company has a workforce of 475 employees that handle close to 200 clients and process in excess of $18 billion in annual payments.
The company was acquired by Great Hill Partners last year and invested in the startup by providing growth capital for product expansion and go to market strategy.
Ewing said he is looking forward to working with Drysdale and creating “a strategic vision for the future.”