ADDI raises USD 15 mln in funding round

Wednesday 27 May 2020 13:45 CET | News

Colombia-based loaning startup ADDI has received a capital injection of USD 15 million in an investment round led by Quona Capital.

The loaning startup launched operations in 2018 and with its latest round, ADDI has amassed nearly USD 32 million in funding. According to Contxto, the Colombian fintech will make an international leap into both Brazil and Mexico by the end of 2020.

Another share of the funds will be used to improve its loaning platform and boost its capacity. ADDI will also offer its customers support programs considering the pandemic crisis.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: fintech, ADDI, Quona Capital, loaning, startup, Brazil, Mexico
Categories: Payments & Commerce
Countries: Colombia
This article is part of category

Payments & Commerce