Colombia-based Addi has recently secured a USD 150 million structured credit facility, predominantly led by JP Morgan. This funding is aimed at scaling its Buy Now Pay Later (BNPL) operations.

JP Morgan committed $130 million of the total amount, while Fasanara Capital contributed the remaining $20 million. The proceeds will be used to expand Addi’s core BNPL service, which offers point-of-sale financing with swift digital approval mechanisms. This transaction increases the company’s total debt commitments to over USD 680 million, signaling ongoing institutional interest in consumer credit platforms within Colombia’s fintech sector.

Meeting the needs of underbanked consumers

According to Addi’s official announcement, the company currently caters to more than 2.5 million users and collaborates with over 33,000 merchant partners throughout Colombia. Its business model prioritizes segments where traditional credit is limited, leveraging extensive merchant networks and digital onboarding procedures to provide short-term financing linked to retail purchases.

For BNPL providers in Latin America, such structured debt facilities play a crucial role in maintaining loan origination while managing balance sheet risks. The involvement of major financial institutions underscores persistent institutional trust in the region’s fintech credit landscape despite broader macroeconomic challenges and evolving regulatory environments.

Expanding beyond instalment lending

In a statement, Addi mentioned that this new facility will support the company’s efforts to develop a broader financial ecosystem. This approach positions Addi alongside other Latin American fintech companies aiming to diversify their product lines and tap into competitive growth markets.

This transaction highlights how structured debt is becoming essential for expanding consumer credit in emerging fintech sectors across Latin America, particularly as these firms rely more on institutional lending rather than equity financing for rapid expansion.