Addi secures $150M credit line led by J.P. Morgan

Colombian fintech Addi secured a $150M structured credit facility.

J.P. Morgan led the transaction with $130M, while Fasanara Capital contributed $20M.

Addi is a buy now, pay later (BNPL) platform that provides point-of-sale credit with instant approvals through a fully digital process.

With the funds, Addi plans to scale its lending operations and grow its financial services ecosystem.