Loads, a Chilean cross-border food commerce fintech, has closed a US$15 million revolving credit line with Addem Capital, a Mexican firm specializing in structured debt. The facility is not an equity round; it directly finances the loans Loads provides to clients, avoiding dilution for founders and investors. The company has already begun deploying the resources across its regional operations.
Embedded Credit Within the Logistics Flow
Loads operates a cross commerce platform that connects global food supply, demand, and financing, with active teams in Chile, Peru, Colombia, Mexico, and Europe. Its credit solution is embedded directly into the operational flow rather than offered as a standalone product. This allows clients to load containers without prepaying, addressing a recurring working capital need in the food trade.
The typical embedded credit ticket is approximately US$35,000, with terms of about 35 days and a target rotation of nine times per year. This structure means the US$15 million revolving line can generate a much higher financed volume over the course of a fiscal year. It also allows Loads to keep capital turning quickly within real, short term agroindustrial transactions.
Why Debt Instead of Equity
Loads selected structured debt instead of equity at a moment of proven traction and real revenue. This choice lets the company leverage its credit portfolio without diluting existing stakeholders or founders. The financial margin from short term loans to agroindustrial SMEs exceeds the operating spreads of food trading, making financing the core growth driver.
In the first half of 2026, Loads moved 11.4 million kilograms of food products, mainly avocados, grapes, apples, and kiwis, with a notable increase in kiwis. It reported revenue of around US$12 million in the previous fiscal year and projects that figure will quadruple in 2026. When the financing component is included, growth could reach up to ten times.
A Regional Milestone for Agrifood Fintech
The agreement with Addem Capital required integrating financial, legal, operational, and technological workstreams between Chile and Mexico. A company representative said the process was demanding and offered valuable learning for everyone involved. It also gave the Loads team the opportunity to visit Mexico City's Central de Abasto, the world's largest wholesale market, to observe food import operations firsthand.
Addem Capital specializes in working capital facilities backed by real, verifiable, short term operations rather than future growth promises. This fits the recurring nature of Loads' credit portfolio and the needs of agroindustrial small and medium enterprises. The deal illustrates a broader trend in Latin America where vertical fintech platforms embed credit as a native functionality within operational flows.
Larry Gil, CEO and cofounder, stated that the capital will strengthen the company's embedded finance strategy, including buy now pay later options in installments at market prices. Loads currently works with importers and exporters to connect food purchases from any origin to multiple destinations. The facility has already started to be deployed to support these transactions.
The US$15 million revolving credit line positions Loads to scale its food trade platform while maintaining ownership and financial discipline. By combining logistics with embedded credit, the company is building a model that addresses a persistent liquidity gap in global food commerce. As Latin American fintech matures, such structured debt deals may become an increasingly common growth path for underserved agroindustrial markets.