Addi, the Colombia-based fintech platform for integrated payments, shopping and banking, has secured a $100m credit facility from\u00a0Victory Park Capital\u00a0(VPC) – a leading global alternative investment firm specializing in private credit.<\/p>\n\n\n\n
The new facility will support Addi\u2019s financing of credit originations in Colombia as it provides buy now, pay later (BNPL) solutions to consumers and merchants.<\/p>\n\n\n\n
\u201cWe\u2019ve known the VPC team for over five years, and we\u2019re excited to be partnering with them. Their experience in the private consumer credit space is unparalleled, and we look forward to working together in support of our mission to meet the historically underserved payment and credit needs of Colombians,\u201d said Santiago Suarez, Co-Founder and CEO, Addi.<\/p>\n\n\n\n
The partnership with VPC caps an outstanding year for Addi, in which the company reached profitability, obtained regulatory approval to become a bank, and launched its Marketplace platform. In under six months, the Marketplace platform has added over 500 merchants, with more than 20,000 monthly transactions and over 17,000 monthly buyers.<\/p>\n\n\n\n
Kinan Hayani, Managing Director, VPC, said: \u201cAddi has rapidly emerged as an innovator in the Latin American financial ecosystem by powering the modern financial needs of consumers and businesses alike.<\/p>\n\n\n\n
\u201cWe strongly believe in the company\u2019s mission to broaden access to credit products for underserved and underbanked consumers across Latin America, and we recognize the added value Addi can bring to merchants by helping increase conversion rates at the point-of-sale.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Addi, the Colombia-based fintech platform for integrated payments, shopping and banking, has secured a $100m credit facility from\u00a0Victory Park Capital\u00a0(VPC) – a leading global alternative investment firm specializing in private credit. The new facility will support Addi\u2019s financing of credit originations in Colombia as it provides buy now, pay later (BNPL) solutions to consumers and […]<\/p>\n","protected":false},"author":58,"featured_media":15922,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71,52,1941,2237,3],"tags":[5237,219,10,1522,5238],"class_list":["post-15921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-finance","category-colombia","category-finance","category-latam","category-top-stories","tag-addi","tag-banking-and-finance","tag-colombia","tag-fintech","tag-victory-park-capital"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/15921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/comments?post=15921"}],"version-history":[{"count":1,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/15921\/revisions"}],"predecessor-version":[{"id":15923,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/15921\/revisions\/15923"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/media\/15922"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/media?parent=15921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/categories?post=15921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/tags?post=15921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}