Colombian BNPL firm Addi lands $86m in equity and debt funding

Colombian buy now, pay later (BNPL) firm Addi has secured $86 million in funding, comprising $50 million in debt financing from Goldman Sachs and $36 million in equity funding.
The equity funding comes from venture capital firms including Andreessen Horowitz and Union Square Ventures, with additional participation from GIC Private Limited, a Singaporean sovereign wealth fund.
This funding round adds to the $65 million Series B raise completed by Addi in the summer of 2021.
In late 2021, Addi also secured $200 million in an equity and debt financing round, resulting in a valuation exceeding $700 million.
However, according to an interview with Bloomberg, Santiago Suárez, Addi’s CEO and co-founder, revealed that the company has since halved its valuation.
Despite experiencing strong growth, Addi has decided to postpone its expansion into Brazil and Mexico, prioritizing the consolidation of its position in the Colombian market.

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