Lending platform ADDI has reportedly scored $15m in a funding round which was led by Quona Capital.
Other contributions to the round came from Foundation Capital, S7 Ventures, Andreessen Horowitz and monashees, according to a report from Contxto.
With the close of the round, the FinTech has collected a total of $32m in equity funding.
Based in Colombia, the FinTech plans to use the fresh equity to support its move into Mexico and Brazil later in the year, the article stated.
Additionally, the FinTech will be using the capital to improve its lending technology and increase its capacity. In the coming months, ADDI plans to offer customers new products which will support them in an economic fallout post-coronavirus.
ADDI co-founder and CEO Santiago Suárez told Contxto, “Even though the global crisis has delayed our plans a bit, we believe that the market opportunity we’ve found in Brazil and Mexico is just as good as the one we saw in Colombia. This is an additional reason for which we decided to seek out additional resources this year.”
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