Addi

Addi is a Colombian consumer credit platform that lets shoppers pay for online and in-store purchases in instalments without a credit card, using a pre-approved credit line (the Addi cupo) and payment methods such as PSE and Bancolombia. Customers manage purchases, due dates, instalment payments and extra payments in the Addi app, which also hosts a marketplace of partner stores and a larger-ticket option called Compra Grande. For merchants, Addi provides checkout integrations and e-commerce plugins, a partner portal and a merchant community; Addi evaluates fraud and assumes the credit risk on approved transactions. Addi is supervised by Colombia's Superintendencia de Industria y Comercio and has been authorised to operate as a compañía de financiamiento.