Felix Pago has completed a $200 million Series B round, consisting of $87 million in equity financing and $113 million in credit facility financing. The equity round included participation from Andreessen Horowitz, while the credit facility was provided by General Catalyst’s Customer Value Fund.
The company operates a stablecoin-based cross-border remittance network in Latin America. Felix Pago uses WhatsApp as its primary user interface and relies on USDC and blockchain infrastructure for settlement, aiming to lower costs and speed up transfers from the United States to Mexico.
Felix Pago Raises $200 Million in Series B to Expand Stablecoin Remittances
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