Colombia Fintech Taps Goldman and Singapore Fund for New Capital
- Addi raised $36 million in equity and $50 million in debt
- Co. estimates valuation has dropped to half of prior $700m
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A fast-growing Colombian financial technology startup raised capital from investors including Singapore’s Sovereign Wealth Fund and Goldman Sachs Group Inc. to fund a new round of expansion.
Addi, a buy-now, pay-later app that reached two million clients in 2023, got $36 million in equity from venture capital firms such as Union Square Ventures and Andreessen Horowitz, as well as GIC Private Ltd., which manages Singapore’s foreign reserves.