Addem Capital Backs Chilean Food-Trade Fintech Loads With $15M Facility

Loads, a Chilean fintech operating in cross-border food commerce, has secured a $15 million revolving credit facility from Addem Capital, a Mexican firm specializing in structured debt.

The company runs a platform that connects global food supply, demand and financing, providing embedded credit solutions to importers and exporters in the agricultural sector. Its cross-commerce platform integrates financing directly into the logistics flow of food trading, allowing businesses to manage working capital more effectively while trading agricultural products such as avocados, grapes, apples and kiwis.

The capital is earmarked for a specific purpose: scaling Loads' buy-now, pay-later scheme for food importers and exporters. The facility will fund the loans the company extends to customers through its embedded finance platform, meaning the debt is effectively working capital for Loads' own lending book rather than general corporate purposes.

The round is debt rather than equity, and Addem Capital is the sole named provider of the facility. Loan structures of this kind are common among fintech lenders that need balance-sheet capacity to grow origination volume without diluting shareholders.

Loads was founded in Chile and is led by CEO and co-founder Larry Gil. The company's website is loadsfoods.com.

The funding was dated September 11, 2026, according to the announcement, which was updated September 29, 2026.

The deal pairs a Chilean originator with a Mexican debt provider, a cross-border arrangement that mirrors the geography Loads serves: agricultural trade moving between producing regions and destination markets. By embedding credit into the logistics flow rather than offering it as a standalone product, Loads positions itself at the point where a shipment is arranged — a moment when working capital needs are most acute for importers and exporters.

For Addem Capital, the facility is another deployment into structured debt, the firm's stated area of specialization. For Loads, the $15 million provides the lending capacity to expand the BNPL offering it has built for food traders.