Addi Lands US$630 Million From J.P. Morgan, Goldman

Colombia · Business

Addi, the Colombian buy-now-pay-later and consumer credit platform, has secured more than US$630 million in fresh financing from a roster of global banks and asset managers, the company announced in early July 2026.

What Addi Does for Colombian Consumers

Addi operates a digital point-of-sale lending platform that lets shoppers split purchases into installments, a model known globally as buy-now-pay-later. The Bogotá-based company also provides merchants with payment, commerce, and logistics tools, effectively acting as a one-stop digital shop for small and medium businesses.

The fintech serves more than 3 million customers and works with 55,000 merchants across 1,034 municipalities in Colombia. That wide footprint matters in a country where traditional bank branches remain thin outside major cities, leaving millions of consumers with limited access to formal credit.

By embedding its financing directly at checkout, both online and in physical stores, Addi gives shoppers an alternative to high-interest credit cards. For merchants, the platform can mean higher conversion rates and average order values, a crucial edge in a competitive retail landscape.

Breaking Down the US$630 Million Package

The financing is best understood as a debt-heavy stack paired with a fresh equity injection. The largest component is a US$150 million structured credit facility led by J.P.

Morgan, alongside London-based asset manager Fasanara.

Goldman Sachs International Bank contributed a US$50 million receivables purchase agreement. An expanded facility with Goldman Sachs Bank USA and Fasanara added roughly US$235 million more in lending capacity, bringing the total debt commitments above US$680 million.

BBVA Spark, the Spanish banking group’s unit focused on high-growth startups, provided US$35 million. BBVA Colombia added US$3 million (approximately US$3 million), deepening a relationship that connects a traditional Latin American banking giant with a fast-moving fintech.

Victory Park and NB Asset-Based Credit Fund committed US$150 million, rounding out the debt portion. On the equity side, Addi closed an US$85 million Series D round led by Citius and co-led by Brazilian investment bank BTG Pactual.

Singapore sovereign wealth fund GIC and São Paulo-based venture firm Monashees also joined the equity round. The presence of a sovereign fund like GIC signals long-term confidence in Addi’s business model beyond a typical venture capital timeline.

Why Global Banks Are Backing Addi

International banks are underwriting Addi because the company has demonstrated consecutive quarters of profitability, strong annual recurring revenue, and a large merchant network in a growing Colombian fintech market. The firm reported more than US$150 million in annual recurring revenue, a metric that gives lenders comfort when structuring large debt facilities.

A related disclosure noted six straight quarters of profitable growth, a rare feat in the often cash-burning fintech sector. This track record attracted blue-chip names like J.P.

Morgan and Goldman Sachs, which typically demand clear unit economics before committing hundreds of millions of dollars.

The involvement of BBVA Spark is also notable: it shows that established Spanish-language banking groups see Addi as a strategic partner rather than a threat. For Victory Park, a specialist in asset-based lending to fintechs, the deal fits a pattern of backing platforms that originate large volumes of consumer loans with predictable repayment behavior.

For foreign investors and expats watching Latin America, the deal confirms that Colombian fintech can now access the same structured-finance tools long used by US and European lending platforms. It also suggests that global capital is comfortable with Colombian consumer credit risk when it is packaged with modern underwriting technology.

Profitability and What Comes Next

Addi reported four consecutive quarters of profitability and more than US$150 million in annual recurring revenue. A related disclosure noted six straight quarters of profitable growth, a signal that attracted blue-chip lenders and allowed the company to negotiate favorable terms on its debt stack.

The company said the capital will strengthen its technology infrastructure and broaden financial products for consumers and merchants in Colombia. The focus remains on scaling digital credit in underserved municipalities rather than an immediate geographic expansion, a strategy that prioritizes deepening its moat at home.

For readers familiar with the Brazilian fintech boom, Addi’s trajectory echoes the early days of companies like Nubank, which first dominated its home market before venturing abroad. The difference here is the heavy reliance on structured debt rather than pure equity, which can be less dilutive for founders and early backers.

The company also hinted at expanding into broader financial services, which could include savings products, insurance, or merchant cash advances. Any such move would put Addi in more direct competition with traditional Colombian banks, but the fresh capital gives it a war chest to experiment.

What the Deal Means for Expats and Investors

For expatriates living in Colombia, Addi’s growth means more merchants are likely to offer installment payment options at checkout, making larger purchases more manageable without a local credit card. The platform’s expansion into logistics tools could also speed up delivery times for online orders in smaller cities.

For international investors, the deal is a case study in how Latin American fintechs are maturing beyond venture capital. The mix of warehouse debt from global banks and a Series D equity round shows a company building a capital stack that can sustain long-term lending operations.

The presence of GIC, Singapore’s sovereign wealth fund, is particularly telling. Sovereign funds typically invest with a multi-decade horizon, suggesting that Addi is viewed not just as a fast-growing startup but as a potential cornerstone of Colombia’s digital financial infrastructure.

Tourists and short-term visitors may also encounter Addi’s branding at checkout counters in shopping malls and online stores. While the service is primarily aimed at Colombian residents, its growing ubiquity reflects the rapid digitization of consumer finance in a country where cash was king just a decade ago.

Colombia's Fintech Moment in Context

Addi’s mega-round does not exist in a vacuum. Colombia has emerged as one of Latin America’s most dynamic fintech markets, driven by a young, smartphone-savvy population and a regulatory framework that has encouraged innovation in digital payments and lending.

The country’s financial regulator has actively promoted open banking and fintech licensing, making it easier for platforms like Addi to partner with traditional banks. This contrasts with some neighboring markets where regulatory friction has slowed fintech adoption.

The structured-debt model that Addi is using has been refined in markets like the United States and Brazil, where fintechs routinely bundle consumer loans and sell them to institutional investors. That Addi can now tap this playbook with J.P.

Morgan and Goldman Sachs as partners signals that Colombian credit risk is being priced and accepted by the world’s most sophisticated lenders.

For the broader Latin American ecosystem, the deal raises the bar: profitability and recurring revenue are now prerequisites for accessing large-scale debt, not just equity. Startups that cannot show a clear path to sustainable unit economics may find themselves locked out of this kind of financing.

Frequently Asked Questions

What is Addi?

Addi is a Colombian fintech that offers buy-now-pay-later loans and digital consumer credit at the point of sale, both online and in physical stores across Colombia. Founded in Bogotá, the company also provides merchants with payment processing, commerce tools, and logistics support, making it a multi-sided platform for digital retail.

How much did Addi raise in 2026?

Addi secured more than US$630 million in total financing, combining structured debt facilities from J.P. Morgan and Goldman Sachs with an US$85 million Series D equity round. The debt portion alone exceeded US$680 million in total commitments when accounting for expanded facilities with Fasanara and other lenders.

Why are global banks investing in Addi?

International banks are underwriting Addi because the company has demonstrated consecutive quarters of profitability, strong annual recurring revenue above US$150 million, and a large merchant network in a growing Colombian fintech market. The structured-debt model allows banks to earn returns on consumer credit while Addi's technology handles underwriting and servicing.

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