a16z leads investment in U.S. remittance startup Felix Pago with $200M Series C funding, focusing on stablecoin remittances and financial services
On September 2, Felix Pago, a fintech startup providing cross-border remittance services for Latin American immigrants, completed a $200 million Series C round. a16z led the equity financing with $87 million, and the Customer Value Fund under General Catalyst provided a $113 million credit facility. Felix Pago mainly delivers remittance services from the United States to Latin America via WhatsApp, with its back end using USDC and blockchain-based settlement. The company plans to use the new funding to further expand beyond its core remittance business into financial services such as loans and savings.
On September 2, Felix Pago, a fintech startup providing cross-border remittance services for Latin American immigrants, completed a $200 million Series C round. a16z led the equity financing with $87 million, and the Customer Value Fund under General Catalyst provided a $113 million credit facility. Felix Pago mainly delivers remittance services from the United States to Latin America via WhatsApp, with its back end using USDC and blockchain-based settlement. The company plans to use the new funding to further expand beyond its core remittance business into financial services such as loans and savings.