Felix Pago raises $200 million in Series B led by a16z to scale stablecoin remittances

Felix Pago, a Miami-based fintech startup, raised $200 million in Series B funding, including an $87 million equity round led by Andreessen Horowitz and a $113 million credit facility from General Catalyst. The company enables users to send remittances to Latin America via WhatsApp using Circle's USDC stablecoin on the backend. Felix Pago has processed over $8 billion in transactions since 2020 and plans to expand into lending, savings, and AI-driven financial services.

Series B funding round

• ▪General Catalyst's Customer Value Fund provided the $113 million credit facility for Felix Pago's Series B funding round
• ▪Andreessen Horowitz led the $87 million equity portion of Felix Pago's Series B round, with participation from QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners, and Endeavor Catalyst
• ▪Felix Pago previously raised a $75 million funding round in April 2025 led by QED Investors and a $15.5 million Series A round in 2024 led by Castle Island Ventures
• ▪Felix Pago raised $200 million in a Series B funding round, consisting of $87 million in equity and a $113 million credit facility

Stablecoin remittance infrastructure

• ▪Felix Pago's payout and distribution partners include Walmart, UniTeller, Intermex, Visa, Stripe, Mastercard, and Checkout.com
• ▪Felix Pago partners with Circle, dLocal, Mercado Pago, Nu Holdings, and Bitso for stablecoin infrastructure and local payouts across its corridors
• ▪Felix Pago operates without a physical branch network, allowing customers to send dollars and recipients to receive local currency without directly interacting with cryptocurrency
• ▪Felix Pago allows users to send money to Latin America through WhatsApp, settling transactions on the backend using Circle's USDC stablecoin and blockchain rails

Product expansion plans

• ▪Felix Pago plans to use the Series B funding to introduce third-party lending and savings products aimed at Latin American immigrants living in the United States
• ▪Felix Pago plans to expand its remittance services and mobile credit and data purchases into new markets, including Colombia, Ecuador, and Peru
• ▪Felix Pago plans to develop a conversational artificial intelligence layer on WhatsApp called the Cognitive Financial Companion to help users identify needed financial products

Transaction volume metrics

• ▪Felix Pago has processed more than $8 billion in transactions since the company was founded in 2020 by Manuel Godoy and Bernardo Garcia
• ▪Felix Pago processed over $1 billion in transfers during the year 2024

Revenue growth statistics

• ▪Felix Pago reported that its revenue grew more than 2.5 times over the past year
• ▪Felix Pago's user base grew to over six million people by September 2026, up from more than one million users previously reported

Western Union stablecoin competition

• ▪Western Union launched its USDPT stablecoin, issued by Anchorage Digital Bank, on the Solana blockchain in May 2026
• ▪Western Union is developing stablecoin settlement with its global agents and plans to launch a consumer stablecoin product later in 2026

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