Addi, a Colombia-based fintech platform for integrated payments, shopping, and banking, has secured a $100m credit facility from Victory Park Capital (VPC), a global alternative investment firm specialising in private credit.
The new facility will support Addi’s financing of credit originations in Colombia as it provides buy now, pay later (BNPL) solutions to consumers and merchants.
Founded in 2018, Addi has become a leading player in the Colombian fintech market by providing comprehensive shopping and payment solutions that have attracted close to two million customers and over 18,000 merchants. In the past year, the company has reached profitability, obtained regulatory approval to become a bank, and launched its Marketplace platform which, in under six months, has added over 500 merchants, with more than 20,000 monthly transactions and over 17,000 monthly buyers.
