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Colombian Fintech Addi Raises $630 Million in Debt and Equity to Expand Buy-Now-Pay-Later Platform
In early July, Bogotá‑based BNPL platform Addi revealed it has secured more than US$630 million in new financing—an ambitious mix of debt from global banks and an equity injection that will power a broader product lineup and strengthen its technology backbone.
The debt tranche totals over US$680 million in commitments. A US$150 million structured credit facility, led by J.P. Morgan and London‑based Fasanara, sits at the core. Goldman Sachs International Bank added a US$50 million receivables purchase agreement, while an expanded facility with Goldman Sachs Bank USA and Fasanara contributed roughly US$235 million. BBVA Spark supplied US$35 million, and BBVA Colombia added US$3 million. Victory Park and NB Asset‑Based Credit Fund each committed US$150 million, completing the debt stack.
Addi’s equity round closed at US$85 million in a Series D led by Citius and co‑led by Brazilian investment bank BTG Pactual. Singapore sovereign‑wealth fund GIC and São Paulo‑based venture firm Monashees also joined the round.
The funding follows Addi’s announcement of four consecutive quarters of profitability and more than US$150 million in annual recurring revenue. Its merchant network now spans 55,000 partners across 1,034 municipalities, and it serves over 3 million customers nationwide. The platform embeds financing at the point of sale—online and in physical stores—providing shoppers an alternative to high‑interest credit cards while delivering higher conversion rates and average order values for merchants.
Addi’s ability to attract large‑scale debt from institutions such as J.P. Morgan and Goldman Sachs underscores the company’s proven unit economics and risk profile. The structured‑debt model, which bundles consumer loans and sells them to institutional investors, has been deployed in the United States and Brazil. BBVA Spark’s participation signals that established Spanish‑language banks view Addi as a strategic partner rather than a rival.
Victory Park’s involvement aligns with its focus on asset‑based lending to fintechs that generate sizable, predictable consumer loan volumes. The sovereign‑wealth stake by GIC reflects confidence in Addi’s long‑term business model.
Addi said the new capital will fortify its technology stack and broaden its financial product suite for consumers and merchants. The company remains committed to deepening its presence in underserved Colombian municipalities instead of pursuing immediate geographic expansion.
The deal highlights a broader Latin‑American trend: regulatory frameworks that champion open banking and fintech licensing are accelerating digital payments and lending adoption. Colombia’s financial regulator has actively fostered such innovation, creating an environment where fintechs can collaborate with traditional banks.
For investors, the financing demonstrates that profitability and recurring revenue are becoming prerequisites for accessing large‑scale debt in the region. Startups that cannot show a clear path to sustainable unit economics may find themselves excluded from this type of capital.
Addi’s latest round does not alter its core BNPL offering but provides a war chest that could support future ventures into savings products, insurance, or merchant cash advances. The company’s focus remains on scaling digital credit within Colombia, leveraging its existing merchant network and customer base.
The financing round marks the latest milestone in Addi’s trajectory, which began as a BNPL platform and has evolved into a multi‑sided digital commerce and financial services ecosystem. Its success in attracting both debt and equity from a diverse group of global investors underscores the maturation of Colombia’s fintech sector and the growing confidence of international capital in the country’s consumer‑credit market.
The debt tranche totals over US$680 million in commitments. A US$150 million structured credit facility, led by J.P. Morgan and London‑based Fasanara, sits at the core. Goldman Sachs International Bank added a US$50 million receivables purchase agreement, while an expanded facility with Goldman Sachs Bank USA and Fasanara contributed roughly US$235 million. BBVA Spark supplied US$35 million, and BBVA Colombia added US$3 million. Victory Park and NB Asset‑Based Credit Fund each committed US$150 million, completing the debt stack.
Addi’s equity round closed at US$85 million in a Series D led by Citius and co‑led by Brazilian investment bank BTG Pactual. Singapore sovereign‑wealth fund GIC and São Paulo‑based venture firm Monashees also joined the round.
The funding follows Addi’s announcement of four consecutive quarters of profitability and more than US$150 million in annual recurring revenue. Its merchant network now spans 55,000 partners across 1,034 municipalities, and it serves over 3 million customers nationwide. The platform embeds financing at the point of sale—online and in physical stores—providing shoppers an alternative to high‑interest credit cards while delivering higher conversion rates and average order values for merchants.
Addi’s ability to attract large‑scale debt from institutions such as J.P. Morgan and Goldman Sachs underscores the company’s proven unit economics and risk profile. The structured‑debt model, which bundles consumer loans and sells them to institutional investors, has been deployed in the United States and Brazil. BBVA Spark’s participation signals that established Spanish‑language banks view Addi as a strategic partner rather than a rival.
Victory Park’s involvement aligns with its focus on asset‑based lending to fintechs that generate sizable, predictable consumer loan volumes. The sovereign‑wealth stake by GIC reflects confidence in Addi’s long‑term business model.
Addi said the new capital will fortify its technology stack and broaden its financial product suite for consumers and merchants. The company remains committed to deepening its presence in underserved Colombian municipalities instead of pursuing immediate geographic expansion.
The deal highlights a broader Latin‑American trend: regulatory frameworks that champion open banking and fintech licensing are accelerating digital payments and lending adoption. Colombia’s financial regulator has actively fostered such innovation, creating an environment where fintechs can collaborate with traditional banks.
For investors, the financing demonstrates that profitability and recurring revenue are becoming prerequisites for accessing large‑scale debt in the region. Startups that cannot show a clear path to sustainable unit economics may find themselves excluded from this type of capital.
Addi’s latest round does not alter its core BNPL offering but provides a war chest that could support future ventures into savings products, insurance, or merchant cash advances. The company’s focus remains on scaling digital credit within Colombia, leveraging its existing merchant network and customer base.
The financing round marks the latest milestone in Addi’s trajectory, which began as a BNPL platform and has evolved into a multi‑sided digital commerce and financial services ecosystem. Its success in attracting both debt and equity from a diverse group of global investors underscores the maturation of Colombia’s fintech sector and the growing confidence of international capital in the country’s consumer‑credit market.
