The online lender, which is backed by Telefónica’s Wayra unit, has completed a $75m close, tripling its valuation to the nine-digit dollar range.

Addi, a Colombia-based digital payment service backed by telecommunications group Telefónica, raised $75m yesterday which brought its series B round to $140m.

Venture capital firm Greycroft led the round, which included Andreessen Horowitz, Citius Capital, Citius VC, Endeavor Catalyst, Foundation Capital, GGV Capital, Intersection Growth Partners, Monashees, Quona Capital and Union Square Ventures’ Opportunity Fund.

Founded in 2018, Addi has built an online platform that helps users get loans to pay for e-commerce purchases and settle the payment in up…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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