Optalitix provides software pricing products to UK insurers (including the London Market) and to banking and healthcare industries. Its product suite includes Optalitix Models, which converts Excel models into a cloud-hosted system; Optalitix Quote, a digital pricing and underwriting workbench; and Optalitix Originate, a cloud-lending platform to streamline lending and improve profitability. The company has customers in the UK and internationally, including S&P Global, GoCompare, Lloyd’s, Pool Re, YuLife and Hampden Risk Partners. Optalitix is led by co-founder and director Jonathan Shapiro. The company said it will use the new funding to accelerate product innovation and support the execution of its expansion plans. Optalitix is based in London, UK. Optalitix offers low-code SaaS products—notably Optalitix Models, which converts spreadsheets into systems, and Optalitix Quote, a digital underwriting platform—targeted at insurers and banks. It serves customers in the UK and internationally, including Vitality Health, GoCompare, Lloyd’s of London and United Trust Bank. Founded in 2013 by Jonathan Shapiro and Dani Katz, the company helps move Excel-based business processes to cloud systems to improve underwriting efficiency, pricing, sales and regulatory compliance. Optalitix provides data analysis and AI models to enable intelligence-led business decisions. In September 2022 the company completed a £4.0M equity raise to fund growth. Proceeds will be used to increase sales capacity, invest in marketing and expand the engineering team to accelerate product development.

Total raised

$8M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2024