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SAN FRANCISCO, June 3, 2021 /PRNewswire/ Architect Capital, an asset-based lender to early-stage technology businesses, announced that it has launched with over $100 million to provide non-dilutive or less-dilutive financing solutions to high-growth and technology-enabled businesses. With a focus on FinTech, E-Commerce, and SaaS companies in Latin America and the United States, Architect Capital s mission is to support innovative founders across the globe by structuring and delivering unique asset-based products complementary to traditional venture capital.
James Sagan The global technology and startup industry is evolving quickly, and new forms of financing to fund novel and underappreciated assets are a necessary part of that evolution, says James Sagan, Founder and CEO at Architect Capital. We re excited to launch Architect Capital to help disruptive, asset-rich technology companies scale quickly.
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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
ADDI, a Latin-America-based Buy Now Pay Later platform, announced on Thursday it secured $65 million through its
Series B funding round, which was led by Union Square ventures. The company also announced its new strategic partnership with Banco Santander.
Founded in 2018, ADDI claims it was created to power digital commerce in Latin America, starting with Buy Now Pay Later that works.
“ADDI has quickly established itself as a key partner for these merchants and a top payment method. ADDI merchants see their order values double or triple, with similar increases in conversion.”
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