Colombian fintech Addi secured a $100M credit line from Victory Park Capital. The funding follows Addi’s $86M venture and debt round in March 2024, bringing its total funding to $562M.
Addi’s ‘buy now, pay later’ solution helps consumers and merchants by enabling purchases with installment payments, providing access to credit for those who need it.
Addi will use the funds to scale its operations, grow its marketplace platform, and further expand access to its BNPL services in Colombia.
“What we see is the opportunity to create a powerful ecosystem by bringing together commerce and consumers, offering deposit accounts, and building a complete solution to provide better rates for our clients and partners,” said Santiago Suárez, co-founder and CEO of Addi.
Founded in 2018, Addi served 2M customers, partnered with over 18K merchants, and processed over $10M in transactions in October 2024 alone.
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