Morrison & Foerster advised SoftBank Latin America Fund in connection with a Series C funding round in Addi, a fintech startup based in Bogota, Colombia that offers buy-now-pay-later technology.
Addi gives its customers in Latin America the ability to pay for purchases in installments, and it has also rolled out a one-click shopping feature. Over 1,000 retailers currently use Addi’s payment-processing systems, from large retailers to small mom-and-pop stores. Addi is aiming for five-fold growth in 2022 and will use the capital from this fundraising round to help fuel an expansion in the region.
The MoFo team advising SoftBank Latin America Fund on the deal was led by Miami-based Latin America Desk co-chair Randy Bullard, together with corporate partner Juan Delgado and associates Axel Miranda and Ludovica Gardani.