OneHQ, formerly NexusHQ, is beefing up its staff in anticipation of a projected revenue boom.
The insurance and finance software company plans to add 13 employees — bringing its total headcount to 20 — in the next year as it anticipates more than doubling its annual revenue. The company reported revenue of more than $1 million in 2014, and expects that to grow to about $2.5 million in 2015.
Founded in 2014 in Kansas City, Kan., OneHQ offers software to insurance, securities and finance companies that manages their advisors, agents and clients in one platform. Its customer relationship management product aims to streamline internal communication in and improve insights for companies’ operations.
OneHQ CEO Kyle Ginavan said that the platform is similar to Salesforce, but tailored specifically to insurance, securities and finance companies. That specific focus is helping the company gain traction, he said.
“We’re growing really nicely,” Ginavan said. “We have a nice growth rate — we’re doubling every year. … Our product is done so now it’s a matter of scaling our operation to turn people onto it.
Ginavan said that OneHQ has yet to take on investment capital, opting instead to bootstrap its operations and maintain autonomy. There are pros and cons of the choice, he said, but for now the company’s sales have sufficed in reaching its aggressive goals.
“(Raising capital) is a lot of work and takes a lot of time — it can be distracting,” Ginavan said. “We can go raise a million bucks, or you can go sell a million bucks and convert them onto our tool as well.”