backKing & Spalding advised Progressive Investment Company, Inc., an affiliate of Progressive Casualty Insurance Company, in One Finance, Inc.’s $40 million Series B financing. The financing was led by Progressive Investment Company, Inc., with participation from Obvious Ventures, Foundation Capital, and Core Innovation Capital and others.
One Finance,a financial technology company based in San Francisco and Sacramento, seamlessly combines saving, spending, sharing, and borrowing into one account giving customers access to high-yield savings, affordable credit that grows with them, and tools to help automate their money management.
More information can be found here.