Dallas-based investment firm MLTPLY has launched the new technology company Proxima, according to a news release.
Proxima offers insurance technology software for companies to expand their IT, customer service, sales, underwriting and claims capabilities. The company also offers office support in operations hubs in the Dominican Republic and Ecuador.
"Our investment in Proxima fully aligns with our strategy to empower talented insurtech entrepreneurs to bring their ideas to market quickly and reduce the cost of sales and service operations," Gloria Guntinas, CEO of MLTPLY, said in the release.
In early 2023, Proxima plans to offer self-service tools, data collection and analysis, cost-effective sales and a full team of technologists to accelerate technology delivery. According to the release, the company is already generating value for customers in Latin America.
"This partnership also allows MLTPLY to expand our footprint into Latin America where extraordinary talent is already yielding impressive results for the insurance sector," Guntinas said in the release.
MLTPLY was founded in 2021. The firm aims to get more companies up and running, and the platform's goal is to launch a new offering every six months. Investments cover venture funding, operational infrastructure, insurance product delivery and support, and areas including reinsurance capacity.
