Addi secures $71m in additional debt commitments
Goldman Sachs, Fasanara Capital and BBVA Spark backed the Colombian consumer credit platform.
Addi has secured $71m in debt financing, including $57m in additional commitments from Goldman Sachs and Fasanara Capital and a $14m revolving credit line from BBVA Spark.
The Colombian fintech connects consumers and merchants through its buy-now-pay-later platform and proprietary credit-scoring technology.
The company plans to expand its merchant network, develop financial products and strengthen its technology infrastructure.
Use of funds
Expand merchant network
Develop financial products and technology