Optalix Secures $3 Million Funding for Expansion
Optalix, a promising finance software provider based in London, UK, has successfully raised $3 million in funding. The recent funding round was spearheaded by Calculus Capital and saw participation from 24 Haymarket alongside several other investors. This financial boost will enable Optalix to expedite its product innovation initiatives and advance the execution of its ambitious expansion plans. The firm is committed to enhancing its software offerings, which are already making substantial impacts in the insurance, banking, and healthcare sectors throughout the UK.
Under the leadership of Jonathan Shapiro, who serves as both co-founder and director, Optalix has carved out a unique niche in the competitive finance software landscape.
The company specializes in delivering advanced software pricing products tailored to the specific needs of UK insurers, including those operating in the prestigious London Market. With a keen focus on technology, Optalix provides three principal products that cater to the demands of their clients: Optalitix Models, which transforms traditional Excel models into a cloud-hosted system; Optalitix Quote, a digital pricing and underwriting workbench; and Optalitix Originate, a streamlined cloud-lending platform designed to optimize the lending process and enhance profitability.
Optalix enjoys a growing customer base both within the UK and on an international scale. Noteworthy clients include major industry players such as S&P Global, GoCompare, Lloyd’s, Pool Re, YuLife, and Hampden Risk Partners, all of whom trust Optalix for their innovative software solutions. This funding round positions Optalix to not only solidify its presence in the finance software sector but also to broaden its reach and impact within the market, further establishing the company as a leader in driving transformation across various industries.
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