Miami startup Félix raised $200 million in a Series C led by a16z and General Catalyst, split between $87 million in equity and $113 million in debt, to expand its WhatsApp-based remittance platform for Latino immigrants into loans, savings and new Latin American markets.
Read the full story: Félix Raises $200M to Take WhatsApp Remittances Global →
Transcript
Félix just raised two hundred million dollars to do something deceptively simple: let Latino immigrants send money home without ever leaving WhatsApp. The round splits into eighty seven million in equity, led by Andreessen Horowitz, and a hundred thirteen million in debt from General Catalyst, financing the float that actually moves the money. Instead of building a separate banking app, Félix meets people where they already are, sending remittances as a WhatsApp conversation, settled behind the scenes on USDC stablecoin rails instead of slow correspondent banking. The bet is that messaging apps, not standalone fintech apps, are the real distribution unlock for underbanked users worldwide. Next up: loans and savings, built on that same relationship.