Addi announced that it has secured a $71 million increase in its credit facilities from longstanding financial partners Goldman Sachs, Fasanara Capital, and BBVA Spark. The upsizing includes a $57 million increase from Goldman Sachs and Fasanara, as well as a $14 million increase from BBVA Spark.
This renewed commitment from globally recognized institutions reinforces strong confidence in Addi’s business model, growth performance, and long-term market potential as the company closes out a year marked by expansion and profitability.
Addi continues to be among the fastest-growing consumer finance and commerce platforms in Latin America and recently surpassed $150 million in annualized revenue while achieving its fourth consecutive profitable quarter. The company has maintained 100 percent year-over-year revenue growth for five straight years. Today, more than 2.5 million consumers and 27,000 merchants use Addi’s platform to power everyday commerce. Addi attributes this momentum to its dual-sided ecosystem and proprietary underwriting engine, which drive consumer engagement and strong merchant results.
The additional capital will further strengthen Addi’s liquidity position going into 2025 and support the expansion of its merchant network, as well as the development of new financial products aimed at enhancing consumer cash flow management and improving credit outcomes. The company stated that it is now in its strongest capital position to date as it continues scaling responsibly across Colombia.
Institutional partners highlighted shared conviction in Addi’s mission to broaden fair and inclusive access to credit across the region. The firm’s ability to achieve profitability while growing rapidly and serving millions of users has continued to attract global attention and support.
With a growing consumer base, thousands of merchant relationships, and ongoing institutional backing, Addi is positioned as one of the leading fintech platforms in Latin America.
KEY QUOTES:
“We’ve always believed Colombia deserves a credit system that works for everyone. The continued support of Goldman Sachs and BBVA Spark is more than financial backing; it’s a vote of confidence in our mission and in the sustainable business we’ve built. As we close out an exceptional year, we are excited for our next chapter of expanding access to fair, responsible credit across the region.”
Santiago Suárez, Co-Founder and CEO of Addi
“Fasanara is committed to advancing the future of BNPL. Our partnership with Addi unites a shared vision.”
Francesco Filia, CEO at Fasanara Capital
“From BBVA Spark, we firmly believe in Addi’s potential to continue driving financial inclusion and access to digital credit in the region. This increase in the USD$35 million credit line we provided to the company earlier this year reflects our confidence in its business model and its capacity for sustainable growth in Colombia.”
Eduardo González Montes de Oca, Country Manager at BBVA Spark Colombia & Argentina
