Addi Announces New $50 Million Debt Funding After Four Consecutive Quarters of Profitability and Surpassing $150 Million in ARR

Audio By Carbonatix

BOGOTA, Colombia--(BUSINESS WIRE)--Sep 23, 2025--

Addi, the leading commerce and financial platform in Colombia, announced today it has closed a $50 million upsize of its existing credit facility with Victory Park Capital. Funds managed by Neuberger are providing the incremental commitment within Victory Park’s credit facility, marking Neuberger’s first credit investment in Colombia. The company also announced that, as of June 30th, 2025, it surpassed $150 million in annualized revenue and reached its fourth consecutive profitable quarter. Addi has grown at 100% year-over-year for the past five years, cementing its status as one of the most trusted consumer financing platforms in Latin America.

Colombia has been one of the fastest-growing economies in Latin America over the last five years, primarily due to the power of its consumers. It also has one of the highest saturations of mobile phones in the region, with a total of 78.3 million phones in use at the start of this year (147% of the population). Despite the prevalence of mobile technology and a bustling economy, over 70% of financial transactions in Colombia are still done in cash. Since its founding in 2018, Addi has worked to bridge the technology gap in financial services for the country, creating a dual-sided ecosystem of 2.5 million people and over 27,000 merchants who transact on its platform.

“Colombia has one of the most difficult and underserved credit markets in the world. This upsize underpins our consistent growth trajectory and the fact that we’re building a product with lasting impact and staying power,” said Santiago Suarez, Co-founder and CEO of Addi. “To supercharge our next chapter, we’re bringing in a new infusion of funding to help continue to drive our advancement, built in part through our industry-leading technology.”

“Addi is building the kind of financial infrastructure Latin America has needed for quite some time,” said Zhengyuan Lu, Managing Director at Neuberger. “Their remarkable growth is a testament both to the team’s ability to scale sustainably by leveraging next-gen technology and clear product fit in a market where credit has historically been broken. We believe Addi is poised to redefine the economic opportunity for consumers and businesses across the region and are excited to extend this funding.”

“We’ve been impressed with Addi’s execution, disciplined growth and ambition since we partnered with them last year. We’re thrilled to continue to support them alongside Neuberger,” said Kinan Hayani, Partner at Victory Park Capital.

In addition to its consumer growth, Addi’s merchant partners include established names like Apple, Adidas, Movistar, nationwide retailer Alkosto, and major grocery chain Exito, signaling the strength of the platform. Addi also takes pride in strengthening customer retention and revenue growth for Colombia-based SMBs, which comprise over 90% of its merchant base.

About Addi

Addi is the leading commerce and financial platform in Colombia, serving more than 2.5 million consumers and 27,000 merchants across SMBs and large enterprises. The company powers everyday commerce by expanding access to credit, enhancing transaction experiences, and driving strong conversion. Its advantaged business model leverages a proprietary platform, dual-sided ecosystem, differentiated solutions, and valuable data to deliver strong customer and merchant value, powerful network effects, and efficient growth. Founded in 2018, Addi is backed by global investors including Andreessen Horowitz, GIC, and Union Square Ventures.

View source version on businesswire.com:https://www.businesswire.com/news/home/20250923158843/en/

CONTACT: Media Contact

Katie Dolan

[email protected]

KEYWORD: LATIN AMERICA SOUTH AMERICA COLOMBIA

INDUSTRY KEYWORD: TECHNOLOGY PAYMENTS OTHER RETAIL FINANCE FINTECH ELECTRONIC COMMERCE PROFESSIONAL SERVICES SOFTWARE SMALL BUSINESS RETAIL

SOURCE: Addi

Copyright Business Wire 2025.

PUB: 09/23/2025 09:00 AM/DISC: 09/23/2025 08:59 AM

http://www.businesswire.com/news/home/20250923158843/en