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SoftBank, GIC Back Colombia Fintech’s $200 Million Funding Round

  • Buy now, pay later startup Addi valued at more than $700m
  • GIC leads series C round that raises fresh equity and debt

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