Cross-border cash switch and top-up agency Félix Pago (Félix) has raised $200 million in mixed fairness and debt funding.
The fairness element, within the quantity of $87 million, was led by Andreessen Horowitz. The Common Catalyst Buyer Worth Fund offered a $113 million credit score facility.
Félix will use the funding to scale its current remittance enterprise and to assist the enlargement of its product suite to incorporate lending and financial savings. The Miami, Florida-based firm made its Finovate debut at FinovateSpring 2025 in San Diego, California.
Cross-border cash switch startup Félix Pago has secured $200 million in Collection C funding for its expertise, which leverages WhatsApp to supply a conversational remittance expertise for Latinos and Hispanics residing within the US. The spherical consists of $87 million in fairness funding led by Andreessen Horowitz (a16z) and a $113 million credit score facility from the Common Catalyst Buyer Worth Fund. The fairness portion additionally featured participation from QED Buyers, Citadel Island Ventures, Swap Ventures, Contour Enterprise Companions, and Endeavor Catalyst.
The funding will assist Félix scale its remittance and cellular top-up companies, in addition to add new group members in engineering and AI. The funds may also allow Félix to broaden its providing into lending and financial savings by way of third-party options. Félix at the moment presents transfers from the US to 11 nations in Latin America together with Mexico, Guatemala, Honduras, El Salvador, Nicaragua, Colombia, the Dominican Republic, Costa Rica, Brazil, Ecuador, and Peru. Reporting income progress of two.5x over the earlier 12 months, Félix has processed greater than $8 billion in transactions since inception and served greater than six million clients.
“We began Félix with remittances as a result of sending cash dwelling is without doubt one of the most vital monetary wants our neighborhood has,” Félix CEO and Co-Founder Manuel Godoy wrote on his LinkedIn web page. “Since then, now we have processed greater than $8 billion in transactions and impacted over six million folks. However remittances had been all the time the start. Now, we’re constructing Félix right into a Cognitive Monetary Companion: a monetary expertise that begins with what somebody needs to perform, fairly than with a product, a kind, or one other app.”
Working with out a bodily department community, Félix depends on a monetary infrastructure layer supported by companions reminiscent of Stripe, Mastercard, Checkout, and dLocal, and enhances its cross-border capabilities by way of partnerships with USDC stablecoin issuer Circle, Latin American cryptocurrency trade Bitso, UniTeller and zerohash. It’s this constellation of companions that allows Félix to function: the corporate makes use of a WhatsApp-based AI chatbot to handle transfers and leverages USDC on the Stellar blockchain for settlement. Bitso serves because the on/off ramp for getting funds into the fingers of recipients.
Based in 2021 and headquartered in Miami, Florida, Félix made its Finovate debut at FinovateSpring 2025. On the convention, the corporate demonstrated its Félix Ship answer, which permits monetary companies corporations to embed cross-border remittances into their apps with a easy integration. Félix Ship permits customers to provoke remittances by way of WhatsApp with a single faucet: funds are debited by way of the companion platform and recipients obtain their cash in seconds. Félix Ship helps monetary companies firms generate new income streams, enhance engagement, and ship larger worth to their clients.
Picture by Sergio Arteaga on Unsplash
