Alexander Schek, Latin America business consulting and AI implementationMarket Expansion
AI Implementation

Addi raises $85 million in a Series D led by Citius and BTG Pactual

Alexander SchekBy Alexander SchekGo-to-market and sales leadership in Latin America 1 min read
In brief

Colombian fintech Addi raised $85 million in a Series D led by Citius and BTG Pactual, according to the company. It is the first Series D for a Colombian startup since Rappi. The key number is not the money but the 76,000 stores already offering Addi at checkout.

76,000stores offering Addi at checkout
8profitable quarters in a row

Addi, a Colombian fintech, just raised 85 million dollars in a Series D led by Citius and BTG Pactual. It is the first Series D for a Colombian startup since Rappi, and the company has been profitable for eight quarters in a row. What stood out to me was not the money, but the 76,000 stores already offering Addi at checkout.

Having built sales teams across Latin America for years, that is the part I pay attention to. Here, distribution is what really moves the needle.

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