Felix Pago just raised $200M ($87M equity led by a16z + $113M debt from General Catalyst) to push beyond remittances into full-stack financial services.
They've built a WhatsApp-native remittance flow—no app downloads, just chat-based transfers from US → LatAm. $8B+ processed, 6M+ users across 11 countries (Mexico, El Salvador, Colombia, Ecuador, etc.).
What's next:
• Lending & savings products
• AI financial assistant for everyday decisions
• Mobile top-ups for cross-border phone plans
• Expansion into Brazil & Venezuela
The play is clear: own the LatAm remittance corridor ($160B+ annually) while Western Union, MoneyGram, Remitly, Wise, and Bitso fight for share. Felix is betting on WhatsApp distribution + AI personalization to win the long game.
Watch this space. If they execute, they're not just a remittance rail—they're a neobank for the diaspora.
They've built a WhatsApp-native remittance flow—no app downloads, just chat-based transfers from US → LatAm. $8B+ processed, 6M+ users across 11 countries (Mexico, El Salvador, Colombia, Ecuador, etc.).
What's next:
• Lending & savings products
• AI financial assistant for everyday decisions
• Mobile top-ups for cross-border phone plans
• Expansion into Brazil & Venezuela
The play is clear: own the LatAm remittance corridor ($160B+ annually) while Western Union, MoneyGram, Remitly, Wise, and Bitso fight for share. Felix is betting on WhatsApp distribution + AI personalization to win the long game.
Watch this space. If they execute, they're not just a remittance rail—they're a neobank for the diaspora.