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.
Varo Money is driven by a mission to redefine banking so it’s easy for everyone to make smart choices with their money. In one mobile app, Varo offers customers no-cost premium bank accounts and high-interest savings accounts offered through The Bancorp Bank, and tech-first features to help people manage their money more easily. The company was founded in 2015 and is headquartered in San Francisco, California.
Upstart is a lending platform that leverages artificial intelligence and machine learning to price credit and automates the borrowing process. The company's proprietary underwriting model identifies borrowers despite limited credit and employment history by using variables including schools attended, area of study, and work experience. Upstart powered banks can offer higher approval rates and experience lower loss rates*, while simultaneously delivering the exceptional digital-first lending experience their customers demand. Upstart was founded in 2012 and headquartered in San Mateo, California and Columbus, Ohio.
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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