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ADDI

ADDI

A financial services company. It was founded in 2018 and is located in Bogota, Colombia.

ADDI is a Bogota-based financial technology company specializing in creating services for digital consumer loans. It is a point-of-sale lending startup that allows for consumers to pay for products using a loan.

Product

Users of ADDI can access the service at any of its partner stores, which consist of both physical stores and online marketplaces. In order to apply for the loan for the purchase, users need to provide identification, an email address, and a WhatsApp phone number. When users make the purchase, they can select ADDI to finance their purchase and then pay ADDI for the purchase in installments.

Timeline

2021
ADDI went on to add that it will use its new funding to fuel its expansion into Brazil, where it launched this year.
May 22, 2020
ADDI raises a $15,000,000 series B round from Foundation Capital, Monashees, Quona Capital, The a16z Cultural Leadership Fund and Tom Stafford.
June 11, 2019
ADDI raises a $12,500,000 series A round from The a16z Cultural Leadership Fund.
March 1, 2019
ADDI raises a $1,500,000 seed round.
September 22, 2018
ADDI raises a $2,300,000 seed round from AlleyCorp, Monashees, The a16z Cultural Leadership Fund and Village Global.

Funding rounds

People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

Colombian point-of-sale lender ADDI nabs $12.5 million from Andreessen Horowitz

Jonathan Shieber

Web

June 11, 2019

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
FinSMEs
September 9, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Mary Ann Azevedo
September 8, 2021
TechCrunch
Buy now, pay later is officially everywhere, and Latin America is no exception. Today, one startup in the region, Addi, is announcing a $75 million extension to its Series B, bringing the total round size to $140 million. In late May, the startup announced it had raised $35 million in an equity round led by [...]
Samantha Hurst
May 27, 2021
Crowdfund Insider
Click HERE to find out ⭐ Latin American Buy Now Pay Later Platform ADDI Scores $65 Million Through Series B Round Led By Union Square Ventures; Forms Partnership With Banco Santander. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.

References

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