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New Deal


Announced

Completed

Union Square Ventures led a $35m Series B round in ADDI.

Financials

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Transaction Value£24m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Minority

Brazil

Cross Border

Payments / Commerce

Venture Capital

Colombia

Private Equity

Single Bidder

Friendly

payment solutions

Acquisition

Completed

Synopsis

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Union Square Ventures led a $35m Series B round in ADDI, a Bogota- and Sao Paulo-based Buy Now Pay Later platform, with participation from 8VC, Monashees, Citius Capital, Endeavor Catalyst, the Marathon Fund, Andreessen Horowitz, Foundation Capital, Monashees, and Quona Capital. "In Colombia and Latin America, most consumers can’t be part of the digital economy. Paying online is incredibly difficult, affordability is limited, and very few folks have a credit card. We empower merchants and customers and make it possible for them to meet digitally and transact with a fast, fair, and disruptive way of paying," Santiago Suarez, ADDI CEO.

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