| Founded | 2018 |
|---|---|
| Closed | 2022 |
| Country | Colombia |
| Sector | Fintech |
| Collapse type | Zombie Startup |
Addi
"Addi raised 145 million dollars from Andreessen Horowitz to bring BNPL to Colombian and Brazilian retail — and exited Brazil, cut 25 percent of staff, and wrote down its valuation in 2022 when its credit book could not survive rising rates in markets with already-high consumer default rates."
Technically alive but effectively dead, burning cash
Key Events Timeline
Addi offered point-of-sale BNPL credit at Colombian and Brazilian retail stores.
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