Félix

Fintech · Remittances · Stablecoins

Funding

Félix raises $200M Series C led by a16z, General Catalyst

The WhatsApp remittance player is using cheap stablecoin rails to push into loans and savings for underbanked Latino households.

• Félix secured $200 million in Series C funding co-led by Andreessen Horowitz and General Catalyst, split between $87M in equity and a $113M debt facility.
• Founded in 2020 by Manuel Godoy and Bernardo García, who met at Wharton, Miami-based Félix lets users send remittances to Latin America entirely through WhatsApp chat, no separate app needed.
• Behind the scenes, Félix settles most transfers in USDC and converts to local currency via payout partners, letting an AI agent handle onboarding and support without customers touching crypto directly.
• The company has processed more than $8 billion in transactions for over 6 million people across 11 Latin American markets, with revenue growing 2.5x in the past year.
• Félix did not disclose its new valuation but said it has tripled since its $75M Series B led by QED Investors in 2025; it has now raised nearly $300 million total.
• The fresh capital will fund expansion into new Latin American markets and new products like lending and savings, moving Félix beyond remittances into broader financial services.
• The U.S.-to-Mexico remittance corridor is the world's largest, yet still costs about 5% per transfer on average, the friction stablecoin-based rivals like Félix and Bitso are racing to undercut.
• By combining stablecoin settlement with a messaging-app interface immigrants already trust, Félix is betting that distribution and familiarity, not just cheaper rails, will decide who wins the remittance market.