Bogota-based buy now, pay later platform Addi has secured $65 million in debt and equity funding and formed a strategic relationship with Banco Santander.
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Colombian BNPL player Addi lands $65M in funding and a strategic relationship with Banco Santander 2 hours ago
1 Bogota-based buy now, pay later platform Addi has secured $65 million in debt and equity funding and formed a strategic relationship with Banco Santander. The new $35mm Series B equity investment round was led by Union Square Ventures, with participation from 8VC, Monashees’s Opportunity Fund, Citius Capital, Endeavor Catalyst, the Marathon Fund, GGV partner Hans Tung, and former Affirm COO Huey Lin. Addi also picked up $30mm in fresh debt funding from Architect Capital.
ADDI, Latin America’s leading Buy Now Pay Later (BNPL) Company raises $65mm in new funding to fund growth in Colombia and Brazil
Series B round led by Union Square Ventures; debt capital provided by Architect Capital; strategic partnership with Banco Santander
May 26, 2021 06:00 ET | Source: ADDI ADDI Bogota, COLOMBIA
BOGOTA, Colombia and SAO PAULO, Brazil, May 26, 2021 (GLOBE NEWSWIRE) ADDI, a Bogota- and Sao Paulo-based Buy Now Pay Later platform today announced new funding for $65mm in debt and equity, as well as strategic partnership with Banco Santander. The new $35mm Series B round was led by Union Square Ventures, with participation from 8VC, Monashees’s Opportunity Fund, Citius Capital, Endeavor Catalyst, the Marathon Fund, GGV partner Hans Tung, and former Affirm COO Huey Lin. Existing investors Andreessen Horowitz, Foundation Capital, Monashees, and Quona Capital also participated in the round. ADDI is also ann
26 may 2021
ADDI, Latin America’s leading Buy Now Pay Later (BNPL) Company raises $65mm in new funding to fund growth in Colombia and Brazil
Series B round led by Union Square Ventures; debt capital provided by Architect Capital; strategic partnership with Banco Santander
BOGOTA, Colombia and SAO PAULO, Brazil, May 26, 2021 (GLOBE NEWSWIRE) ADDI, a Bogota- and Sao Paulo-based Buy Now Pay Later platform today announced new funding for $65mm in debt and equity, as well as strategic partnership with Banco Santander. The new $35mm Series B round was led by Union Square Ventures, with participation from 8VC, Monashees’s Opportunity Fund, Citius Capital, Endeavor Catalyst, the Marathon Fund, GGV partner Hans Tung, and former Affirm COO Huey Lin. Existing investors Andreessen Horowitz, Foundation Capital, Monashees, and Quona Capital also participated in the round. ADDI is also announcing $30mm in fresh debt funding from Architect Capital. The new funding will be used to grow ADD