TLDR:
- Colombian BNPL firm Addi secured $86 million in a mix of debt and equity funding
- The funding included $50 million in debt and $36 million in equity
Colombian buy now, pay later (BNPL) firm Addi has secured $86 million in a mix of debt and equity funding. The funding includes $50 million in debt financing provided by Goldman Sachs and a further $36 million in equity funding raised from venture capital firms like Andreessen Horowitz and Union Square Ventures with additional participation from GIC Private Limited, a Singaporean sovereign wealth fund. This adds to the $65 million Series B raise the company completed in 2021. Despite its strong growth, Addi has chosen to delay its expansion into Brazil and Mexico to focus on consolidating its position in the Colombian market.
Key Points:
- Addi secures $86 million in funding – $50 million in debt and $36 million in equity
- Company delays expansion into Brazil and Mexico to focus on Colombian market
