Summary
Addi does not publicly disclose its NPL ratio, but the company claims profitability for two years with 3M+ consumers and 39K merchants. Colombia's fintech regulatory framework is less mature than Brazil's (comprehensive Open Finance, Resolution 80/2021) and Mexico's (Ley Fintech 2018) but is advancing through SFC sandbox guidelines and BNPL-specific rules issued in 2023. Addi's March 2026 authorization as a regulated finance company (Compañía de Financiamiento) places it within Colombia's supervised financial system. The LatAm BNPL market is projected at $5.2B GMV in 2025.
Key Points
- Addi NPL ratio: not publicly disclosed; company claims profitability for 2 years
- Colombia BNPL market: $0.62B GMV (12% of LatAm), 38% YoY growth — fastest in region
- Colombia regulation: SFC sandbox + BNPL guidelines (2023); open banking framework advancing
- Brazil: Resolution 80/2021 (payment institution registration), mandatory Open Banking (Phase 4), DREX CBDC pilot
- Mexico: Ley Fintech (2018), IFPE/IFC licenses, open finance secondary rules in development
- Addi's March 2026 license: authorized as Compañía de Financiamiento — enables deposit-taking
- Addi investors: Andreessen Horowitz, Union Square Ventures, GIC, Monashees, Citius, BTG Pactual
- $680M+ total debt commitments ($150M JPMorgan warehouse facility)
- LatAm BNPL: $5.2B GMV (2025), projected $9.8B by 2028 (25.1% CAGR)