Allianz Investment Arm Co-Leads Funding Round in Fintech C2FO

Financial technology startup C2FO raised $100 million in funding in a new round led by the investing arm of global insurance and asset management giant Allianz SE as well as Abu Dhabi’s Mubadala Investment Co.

With Tuesday’s announcement, C2FO has almost doubled its total funding, according to data from Crunchbase. Existing investors Temasek Holdings, Union Square Ventures and Mithril Capital also participated, the Leawood, Kansas-based startup said.

“We’re very happy with dollars raised and our partners,” Sandy Kemper, chief executive officer of C2FO, said in an interview. “This allows faster acceleration of what we were doing previously, especially in terms ...