- Cross-border money transfer and top-up firm Félix Pago (Félix) has raised $200 million in combined equity and debt funding.
- The equity component, in the amount of $87 million, was led by Andreessen Horowitz. The General Catalyst Customer Value Fund provided a $113 million credit facility.
- Félix will use the funding to scale its existing remittance business and to support the expansion of its product suite to include lending and savings. The Miami, Florida-based company made its Finovate debut at FinovateSpring 2025 in San Diego, California.
Cross-border money transfer startup Félix Pago has secured $200 million in Series C funding for its technology, which leverages WhatsApp to offer a conversational remittance experience for Latinos and Hispanics living in the US. The round consists of $87 million in equity funding led by Andreessen Horowitz (a16z) and a $113 million credit facility from the General Catalyst Customer Value Fund. The equity portion also featured participation from QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners, and Endeavor Catalyst.
The investment will help Félix scale its remittance and mobile top-up services, as well as add new team members in engineering and AI. The funds will also enable Félix to expand its offering into lending and savings via third-party solutions. Félix currently offers transfers from the US to 11 countries in Latin America including Mexico, Guatemala, Honduras, El Salvador, Nicaragua, Colombia, the Dominican Republic, Costa Rica, Brazil, Ecuador, and Peru. Reporting revenue growth of 2.5x over the previous year, Félix has processed more than $8 billion in transactions since inception and served more than six million customers.
“We started Félix with remittances because sending money home is one of the most important financial needs our community has,” Félix CEO and Co-Founder Manuel Godoy wrote on his LinkedIn page. “Since then, we have processed more than $8 billion in transactions and impacted over six million people. But remittances were always the beginning. Now, we are building Félix into a Cognitive Financial Companion: a financial experience that begins with what someone wants to accomplish, rather than with a product, a form, or another app.”
Operating without a physical branch network, Félix relies on a financial infrastructure layer supported by partners such as Stripe, Mastercard, Checkout, and dLocal, and enhances its cross-border capabilities through partnerships with USDC stablecoin issuer Circle, Latin American cryptocurrency exchange Bitso, UniTeller and zerohash. It is this constellation of partners that enables Félix to operate: the company uses a WhatsApp-based AI chatbot to manage transfers and leverages USDC on the Stellar blockchain for settlement. Bitso serves as the on/off ramp for getting funds into the hands of recipients.
Founded in 2021 and headquartered in Miami, Florida, Félix made its Finovate debut at FinovateSpring 2025. At the conference, the company demonstrated its Félix Send solution, which allows financial services firms to embed cross-border remittances into their apps with a simple integration. Félix Send enables users to initiate remittances via WhatsApp with a single tap: funds are debited through the partner platform and recipients receive their money in seconds. Félix Send helps financial services companies generate new revenue streams, boost engagement, and deliver greater value to their customers.
Photo by Sergio Arteaga on Unsplash
