| Founded | 2018 |
|---|---|
| Closed | 2023 |
| Country | Colombia |
| Sector | Fintech |
| Total raised | $200M+ (multiple rounds, 2018–2022) |
| Collapse type | Mass Layoff Spiral |
| Founder | Santiago Suarez |
Addi (restructuring)
"Colombia's BNPL unicorn hit by rising rates and credit losses, cutting deeply to survive"
Cascading layoffs that accelerated the decline
Key Events Timeline
Addi built buy-now-pay-later credit for Colombian and Brazilian consumers at retail points of sale.
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