Colombia's Addi secures $150mn credit facility to expand BNPL lending

Published: 2026-04-22 16:44:10 ET JPM

Published on 04/22/2026 at 04:44 pm EDT

Colombian fintech Addi has obtained a $150mn structured credit facility led by J.P. Morgan, with participation from Fasanara Capital, to support the expansion of its lending operations and digital financial services, the company said.

J.P. Morgan provided $130mn of the facility, while Fasanara Capital contributed $20mn, according to the announcement. The funding will be used to scale Addi’s core buy now, pay later (BNPL) offering, which enables point-of-sale financing with rapid digital approvals.

The transaction lifts the company’s total debt commitments to more than $680mn, reflecting growing institutional backing for consumer credit platforms in Colombia’s fintech sector. Addi currently serves over 2.5mn users and partners with more than 33,000 merchants nationwide.

The expansion comes as BNPL providers seek to deepen penetration in underbanked segments, where access to traditional credit remains limited. By leveraging merchant networks and digital onboarding, firms such as Addi are positioning themselves to capture demand for short-term financing tied to retail consumption.

In this context, access to structured funding is critical to sustaining loan origination while managing balance sheet risk. The participation of global financial institutions suggests continued appetite for exposure to Latin American fintech credit, despite macroeconomic volatility and evolving regulatory scrutiny.

Addi said the new facility will also support the development of its broader financial ecosystem, signalling a strategy that extends beyond instalment lending into adjacent services. The move highlights intensifying competition among regional fintechs aiming to scale profitably while maintaining asset quality.