Colombia's Addi secures $150mn credit facility as Colombia fintech pushes into banking

Published: 2026-05-08 12:50:08 ET JPM

Published on 05/08/2026 at 12:50 pm EDT

Colombian fintech Addi secured a new $150mn credit facility led by J.P. Morgan and obtained regulatory approval to operate as a financing company, moves that strengthen its liquidity position as it prepares to expand into deposit-taking and digital banking services, the company said, Portafolio reported.

The financing package includes $130mn from J.P. Morgan and $20mn from Fasanara Capital through what Addi described as the first warehouse-type structure arranged by the US bank for a Colombian company. The transaction lifts Addi’s total debt commitments above $680mn and comes after six consecutive quarters of profitable growth.

Founded in 2018, the buy-now-pay-later platform said it has reached 2.5mn active users and more than 33,000 affiliated merchants across Colombia. The company added that pre-approved credit lines have climbed to COP3.6 trillion ($960mn), while revenues have more than doubled over the past five years.

In April, Colombia’s financial regulator authorised Addi to operate as a financing company under the supervision of the Financial Superintendence, allowing it to collect deposits and launch new regulated financial products backed by Fogafín deposit insurance. The company plans to introduce a digital savings account offering returns above the country’s traditional savings rates, which remain below 0.5% annually despite inflation exceeding 5%.

Addi also announced a partnership with Credibanco that will allow customers to use its credit and payment services through more than 221,000 payment terminals nationwide using QR codes. The pilot programme is scheduled to begin before the end of May with one of Colombia’s largest retailers before a broader rollout.

The expansion highlights how Colombian fintech firms are moving beyond consumer lending into full-service financial products as competition intensifies among digital banks and payment providers in Latin America’s fourth-largest economy.