Allianz Life Is Forming A Venture Arm For Fintech Startups

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Screen Shot 2016-03-31 at 2.29.14 PMMinneapolis-based Allianz Life is in the early stages of forming a venture arm specifically targeting startups that are developing software and digital technologies.

A company spokesperson said that a small team is forming now and a venture analyst is sought to begin identifying potential prospects aligned with their annuity and life insurance markets.

While the size of the fund, the launch date, and other key information is still under wraps — this is a new foray for Allianz Life, which operates under ~$63b parent company Allianz SE headquartered in Munich, Germany.

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