Félix, a Miami-based fintech that lets Latin American workers in the United States send money home through a WhatsApp conversation, has raised $200 million in a Series C round that values the company at roughly $1.4 billion, nearly three times what it was worth after its Series B. The round was confirmed this week and pushes the five-year-old startup into unicorn territory as remittance and cross-border payments companies continue to draw heavy venture interest.
The financing is split between about $87 million in equity, led by Andreessen Horowitz, and roughly $113 million in credit from General Catalyst's Customer Value Fund, with QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners and Endeavor Catalyst also participating, according to a Crunchbase News report on the deal. The equity-debt structure — increasingly common among growth-stage fintechs — lets Félix fund working capital for its money-transfer volumes without diluting existing shareholders as heavily as an all-equity round would. The round brings Félix's total capital raised since its 2020 founding to nearly $300 million.
A remittance app built around a chat window
Founded by Manuel Godoy and Bernardo García, Félix lets customers initiate and track transfers entirely inside WhatsApp, a design choice aimed at the large share of Latin American immigrants who already use the messaging app as their primary communication tool. The company says it has processed more than $8 billion in transactions and served over six million customers across 11 Latin American markets, including Mexico, Brazil, Costa Rica, Honduras and Peru, and that revenue grew 2.5 times over the past year.
"When I came to the U.S., even getting a small loan was harder than it should have been... We want to start with the person."
Manuel Godoy, Félix co-founder
The raise arrives amid a broader boom in fintech fundraising: startups in the sector globally pulled in $28.6 billion in the first half of 2026, up nearly 23% from a year earlier, as investors chase companies serving underbanked populations with AI-assisted underwriting and messaging-native interfaces. Félix's jump to unicorn status also reflects renewed enthusiasm specifically for remittance and immigrant-focused financial services, a category that includes competitors building similar WhatsApp- and app-based transfer products across the region.
Félix plans to use the new capital to expand beyond core remittances into a broader suite of financial services — a common next step for money-transfer startups seeking to deepen relationships with customers once they have captured the initial transaction. The company has not detailed a specific timeline for new products or additional country launches, but its investors' emphasis on customer lifetime value suggests deposit accounts, credit or bill-pay features could follow as Félix looks to build out its balance sheet beyond its original niche.