Addi secures $100m credit facility from Victory Park Capital

Colombian FinTech company Addi, a leading provider of payment solutions for consumers and merchants, has secured a $100 million credit facility from Victory Park Capital (VPC), a global alternative investment firm specializing in private credit.

This new facility is set to enhance Addi’s capacity to finance credit originations in Colombia, further advancing its Buy Now Pay Later (BNPL) services for both consumers and merchants.

Founded in 2018, Addi offers an integrated platform for payments, shopping, and banking. The company has served nearly two million customers and partnered with over 18,000 merchants by addressing Colombia’s historically underserved payment and credit landscape. Additionally, Addi has received regulatory approval to operate as a bank and launched its Marketplace platform, onboarding more than 500 merchants within six months.