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Addi Secures $100 Million Credit Facility With Victory Park Capital for Colombian Financing

Nov 24, 2024•over 1 year ago

Contract Type

partnership

BogotáFinanceFintech

Description

Addi, a Colombia-based fintech platform, has announced a partnership with Victory Park Capital (VPC) to secure a $100 million credit facility. This facility will support Addi’s financing of credit originations in Colombia, providing buy now, pay later (BNPL) solutions to consumers and merchants. Addi's mission is to meet the historically underserved payment and credit needs of Colombians, and this new partnership with VPC will allow them to not only sustain their growth but also create and enhance their services for a better customer experience.

Company Information

Company

Addi

Location

Bogotá, Capital District, Colombia

About

Addi is a payments and shopping platform, and the leading provider of Buy Now Pay Later solutions in Colombia. Founded in 2018, it focuses on creating abundance and generating pride among its customers and partners. Today, the company serves millions of customers and tens of thousands of merchants with its credit, payments, and shopping solutions. Addi's innovative approach has positioned it as a key player in the Colombian fintech market.

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