Addi, a startup that has seen rapid growth by offering customers in Latin America the option to buy now and pay later, raised $200 million of debt and equity to help fuel an expansion in the region.
The Bogota-based financial technology company said its valuation is above $700 million after it raised $80 million in equity from Singapore’s sovereign wealth fund, GIC Private Ltd., Softbank Group Corp.’s Latin America Fund and others. The round included an additional $125 million in debt financing, most of which came from Goldman Sachs Group.
