By Pietro Lombardi

Allianz SE's (ALV.XE) digital investment unit Allianz X has invested $30 million in financial technology company C2FO, it said on Tuesday.

The investment is part of a $100 million funding round by C2FO aimed at supporting strategic initiatives, including international growth and developing its customer community.

C2FO is an online marketplace that allows large enterprises to get a discount from their suppliers in exchange for early payment.

Investors in the financial technology company include Mubadala Investment Company, Union Square Ventures, Mithril Capital Management and Temasek.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

February 27, 2018 10:56 ET (15:56 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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