The investment in Fundbox is Allianz X’s fifth transaction in the Fintech sector. The Allianz X portfolio already includes Wealthsimple, N26, C2FO and the Gojek digital platform.
The Series C round was oversubscribed and raised 180 million U.S. dollars in growth funding for Fundbox. Additionally, the company secured a 150 million U.S. dollars line of credit. Fundbox will use the new funds to further accelerate the growth of its B2B business.