Colombia-based fintech Addi has closed a $50 million upsize of its existing credit facility with Victory Park Capital, with funds managed by Neuberger Berman providing the commitment. The transaction marks Neuberger's first credit investment in Colombia. Founded in 2018, Addi operates a dual-sided platform connecting consumers and merchants, currently serving 2.5 million consumers and over 27,000 merchants. Small and medium-sized businesses account for more than 90% of its merchant base. Despite Colombia having 78.3 million mobile devices in use, over 70% of financial transactions remain cash-based, with formal credit access limited for much of the population. The fresh capital will support Addi's expansion across Colombia's consumer finance market and development of its technology capabilities for credit underwriting and merchant integration.

Addi, a Colombian fintech company enabling digital commerce, has secured $89 million in financing structured by Citi to strengthen operations and accelerate expansion. The deal deepens partnerships with Citi and Fasanara Capital, alongside existing relationships with Goldman Sachs, BBVA Spark, Neuberger Berman and Victory Park Capital. The company has achieved five consecutive quarters of profitable growth, reaching 2.7 million active consumers and 33,000 merchant partners across 1,034 municipalities covering 94% of Colombia. Addi has issued $3.6 billion in pre-approved credit lines. The buy-now-pay-later platform promotes financial inclusion, with 47% of users lacking credit cards. Sixty per cent of transactions carry zero interest rates, allowing instalment payments without additional charges.

Addi, a leading commerce and financial platform in Colombia, secured a $71 million credit upsize from Goldman Sachs, Fasanara Capital, and BBVA Spark. This includes a $57 million increase from Goldman Sachs and Fasanara, and a $14 million increase from BBVA Spark. The funding reinforces Addi's capital position through 2025, supporting its mission to expand access to credit and roll out new products. Addi recently surpassed $150 million in annualized revenue and achieved its fourth consecutive profitable quarter.