Colombian fintech Addi secured a $70M credit line, with $50M from Goldman Sachs and $20M from Fasanara Capital. The new financing follows a $100M credit line from Victory Park Capital in November 2024.
Addi is a BNPL (Buy Now, Pay Later) that enables consumers, especially those without access to traditional credit, to split purchases into installments in both physical and online stores. Addi also operates a marketplace to offer financing on items ranging from fashion to consumer electronics.
Addi will use the funds to expand and reach new merchants and customers.
“This financing will allow us to scale our platform, expand our merchant network, and offer attractive, frictionless credit solutions to millions of consumers,” said Addi’s VP of Capital Markets and Funding Augusto Rengifo.
Founded in 2018, Addi partners with over 18K merchant stores in Colombia, serving over 2M customers.
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