The Progressive Corporation, headquartered in Mayfield, Ohio, is a leading provider of personal and commercial auto insurance, as well as residential property insurance in the United States. The company offers a diverse range of products, including personal auto insurance for cars and recreational vehicles, commercial auto insurance for businesses, and residential insurance for homes and renters. With nearly 20 million personal auto policies in force, Progressive is recognized as one of the largest auto insurers in the country. The company also provides specialty property-casualty insurance, including personal umbrella and flood insurance, and offers various commercial insurance products such as general liability and workers’ compensation. Progressive markets its services through independent insurance agencies and directly via the internet and telephone, ensuring a broad reach to consumers. Founded in 1937, Progressive has established a reputation for financial stability and customer service in the insurance industry.
Octane Lending, Inc. operates an online lending platform that connects automobile dealers with customers seeking financing. Founded in 2013 and headquartered in New York, the company aims to streamline the vehicle purchasing process, particularly in the fast-paced $21 billion Powersports market. Octane facilitates the submission of credit applications to multiple lenders, including both prime and sub-prime options, and enhances sales of backend products through automated insurance estimates and warranty offerings. By leveraging innovative underwriting and credit products, Octane provides instant and frictionless financing options via its in-house lender, Roadrunner Financial. The platform not only assists consumers in securing loans but also supports dealers by routing customers to partner dealerships for efficient transactions and offering comprehensive loan servicing throughout the financing journey. Through its editorial brands, Octane reaches millions of enthusiasts, helping them connect with their passions while simplifying the financing experience.
Protective Insurance is an insurance company that specializes in providing coverage for the transportation industry. It offers a range of services, including fleet truck insurance and workers' compensation insurance, tailored to meet the unique needs of transportation businesses. By focusing on this sector, Protective Insurance aims to deliver comprehensive insurance and underwriting solutions that support the operational requirements of fleet operators and their employees.
Varo Money, Inc. is a digital bank based in San Francisco, California, that offers a range of online banking products and services, including bank and savings accounts, checking accounts, and overdraft protection. Established in 2015 and known for being the only U.S. consumer fintech with a national bank charter, Varo aims to serve as a comprehensive banking partner for millions of Americans, especially those seeking better financial solutions. The company combines fintech innovation with the security of a chartered bank, providing tools and insights to enhance financial resilience for its customers. Varo's platform also includes features such as spending analysis, real-time budgeting, cash flow forecasts, direct deposits, and online bill payments, all designed to empower users to make informed financial decisions and improve their overall financial well-being.
Upstart is an online lending platform that utilizes artificial intelligence and machine learning to streamline the borrowing process and enhance credit assessment. Founded in 2012 and based in San Mateo, California, Upstart connects consumers with a network of AI-enabled bank partners, allowing for a more efficient lending experience. The platform evaluates potential borrowers using a proprietary underwriting model that considers factors such as education, area of study, and employment history, rather than relying solely on traditional credit scores. This innovative approach enables banks to achieve higher approval rates and lower loss rates while providing a digital-first experience for customers. Upstart offers a variety of loan products, including personal loans, automotive loans, home equity lines of credit, and small dollar loans, catering to diverse consumer needs.
ARX Holding
Acquisition in 2015
ARX Holding Corp Offers property and liability coverage services.
G & L Internet Bank
Venture Round in 2000
G & L Internet Bank, a gay and lesbian Internet bank.
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