felixpago

Felix Pago raises $200M in a Series B funding round

#FelixPago secures $200M in a Series B funding round, including $87M in equity led by Andreessen Horowitz and a $113M credit line from General Catalyst’s Customer Value Fund. Additionally, QED Investors, Castle Island Ventures, Switch Ventures, and Contour Venture Partners joined the round. Felix Pago plans to use the fresh funding to expand beyond remittances into lending, savings, and other financial products for Latin American immigrants in the US.

Felix Pago is a consumer-facing fintech platform designed to streamline cross-border remittances by utilizing blockchain technology as its backend infrastructure.

👉 x.com/Felixpago/status/2094793338238996665

🔸 What the user sees:

a WhatsApp chat with mom
"sent it"
"got it ❤️"

What actually happened:

▪ the money moved as $USDC
▪ Circle, dLocal, Mercado Pago, Nu and Bitso handled the payout
▪ nine corridors into Latin America
▪ a $113m credit line covers the hours between those two messages

Felix Pago just raised $200m on that gap. $87m equity from a16z, the rest as credit. Somewhere between $5 billion and $8 billion has already moved through it, and the two reports don't agree on which

Nobody in that chat has ever heard of a single crypto company, and that's exactly what the $200m bought🫡

We built for people who already own tokens. They built for mom

Which one of those is adoption?
#circle #dlocal #mercado #felixPago

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🚀 a16z leads a $200 million Series C round for Felix Pago, focusing on stablecoin remittances and financial services, with a focus on Latin America.
#FelixPago #USDC #Latin America