Structured debt financing · Fintech
Addi secures $89m structured financing from Citi
The Colombian buy-now-pay-later platform will expand its consumer financing capacity.
Addi has closed $89m in structured financing with Citi to expand its payments and consumer credit business in Colombia.
The company provides buy-now-pay-later credit at checkout, with digital applications and instant approval decisions. The facility adds funding capacity as Addi expands financing options for customers.
The transaction extends Addi’s work with institutional capital providers. Its other financial partnerships include Goldman Sachs, BBVA Spark, Neuberger Berman and Victory Park Capital.
Use of funds
Expand consumer credit operations
Funding history
Structured debt financing · This round$89M
Debt financing$71M