Colombian fintech Addi secured a $150M structured credit facility. J.P. Morgan led the transaction with $130M, while Fasanara Capital contributed $20M.
Addi is a buy now, pay later (BNPL) platform that provides point-of-sale credit with instant approvals through a fully digital process.
With the funds, Addi plans to scale its lending operations and grow its financial services ecosystem.
Following the transaction, Addi’s total debt commitments exceed $680M. Addi serves more than 2.5 million consumers and works with over 33,000 merchants across Colombia.
