What is the story about?
What's Happening?
Addi, a Colombian commerce and financial platform, has closed a $50 million upsize of its existing credit facility with Victory Park Capital, marking Neuberger's first credit investment in Colombia. The company has achieved $150 million in annualized revenue and reported its fourth consecutive profitable quarter as of June 2025. Addi's platform serves 2.5 million people and over 27,000 merchants, focusing on bridging the technology gap in Colombia's cash-dominant economy.
Why It's Important?
Addi's financial growth and investment highlight the potential for technological advancement in Colombia's financial sector. By addressing the technology gap, Addi is poised to redefine economic opportunities for consumers and businesses in the region. The investment from Neuberger and Victory Park Capital reflects confidence in Addi's ability to scale sustainably and impact the underserved credit market. This development could lead to increased financial inclusion and economic growth in Latin America.
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