Addi, a Bogota, Colombia-based fintech platform for integrated payments, shopping and banking, secured a $100M credit facility from Victory Park Capital.
The company intends to allocate the amount to support its financing of credit originations in Colombia as it provides buy now, pay later (“BNPL”) solutions to consumers and merchants.
Led by CEO Santiago Suarez, Addi is a payments and shopping platform, and a provider of Buy Now Pay Later solutions in Colombia. Its purpose is focused on creating abundance and generating pride among its customers and partners and that is how today, the company serves millions of customers and merchants with its credit, payments and shopping solutions.
The partnership with VPC caps an outstanding year for Addi, in which the company reached profitability, obtained regulatory approval to become a bank, and launched its Marketplace platform. In under six months, the marketplace platform has added over 500 merchants, with more than 20,000 monthly transactions and over 17,000 monthly buyers.
FinSMEs
20/11/2024