Optalix, a London, UK-based finance software provider, raised $3M in funding.
The round was led by Calculus Capital, with participation from 24 Haymarket and others.
The company intends to use the funds to further accelerate product innovation and support the execution of its expansion plans.
Led by Jonathan Shapiro, co- founder and director, Optalix provides software pricing products to UK insurers, including the London Market, as well as the banking and healthcare industries in the UK. The company provides three key products:
- Optalitix Models, which converts Excel models into a cloud-hosted system, converting models into code in minutes;
- Optalitix Quote, which delivers a digital pricing and underwriting workbench;
- Optalitix Originate, a cloud-lending platform which streamlines the lending process and improves profitability.
Optalitix has customers in the UK and internationally, including major names such as S&P Global, GoCompare, Lloyd’s, Pool Re, YuLife, and Hampden Risk Partners.
FinSMEs
11/09/2024