Summary
Colombian fintech Addi has raised $85M in Series D equity financing led by Citius and co-led by Banco BTG Pactual (the Brazilian bank's first growth investment outside Brazil), with participation from GIC and Monashees. Addi has operated profitably for two years, serving 3M+ consumers and 39,000+ merchants. The company recently secured a Colombian financial license (March 2026) to operate as a regulated finance company, enabling deposit-taking. This follows a $150M JPMorgan Chase warehouse facility in April 2026, bringing total debt commitments to $680M+.
Key Facts
- $85M Series D: Citius led, BTG Pactual co-led (first international growth investment), GIC, Monashees participated
- Profitable for 2 years; 3M+ consumers, 39,000+ merchants across Colombia
- Colombian Superintendencia Financiera authorized Addi as regulated finance company (March 2026)
- $150M JPMorgan Chase warehouse facility (April 2026) — first such structure for a Colombian company
- Total debt commitments: $680M+
- Transitioning from BNPL to full financial platform: credit, deposits, payments, AI underwriting
- BTG Pactual strategic collaboration: capital markets, structured finance expertise
- Investors include Andreessen Horowitz, Union Square Ventures
Why It Matters
Addi's transformation from a point-of-sale BNPL provider into a regulated financial institution represents the maturation of Latin American fintech. The combination of profitability, regulatory approval, and institutional debt facilities (JPMorgan, BTG Pactual) signals that LatAm fintechs can graduate from venture-backed growth to sustainable, regulated financial platforms. Addi's model — using proprietary AI underwriting and merchant transaction data — could become the template for how digital lenders across emerging markets build full-stack financial services.