Félix, a Miami-based startup that lets users send remittances through WhatsApp, has raised $200 million in a Series C round co-led by Andreessen Horowitz and General Catalyst, as the company looks to expand from cross-border payments into loans and savings.
The round is split between $87 million in equity, led by Andreessen Horowitz with participation from QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners and Endeavor Catalyst, and $113 million in debt financing from General Catalyst's Customer Value Fund. The equity portion alone roughly triples the valuation Félix carried after its $75 million Series B round in 2025, and brings the company's total capital raised to nearly $300 million.
Founded in 2020 by Manuel Godoy and Bernardo García, Félix built its business around a simple premise: rather than asking users to download a standalone app, it lets people initiate and track international money transfers directly through WhatsApp conversations, using AI to handle much of the workflow and stablecoin-based infrastructure to move funds across borders. The company says it has processed more than $8 billion in transactions across 11 Latin American markets, including Mexico, Brazil, Costa Rica, Honduras and Peru, and that revenue grew roughly 2.5 times over the past year.
"Félix has packaged two frontier technologies, AI and blockchain networks, into something simple and consumer-friendly," Ali Yahya, a general partner at a16z Crypto, said of the investment, according to a roundup of the deal.
Beyond Remittances
The new capital is aimed squarely at diversification. Félix has said it plans to use the funds to move beyond its original remittance product into a broader suite of financial services, including lending and savings accounts, for a customer base that investors believe remains underserved by traditional banks — largely Latino immigrants in the U.S. sending money to family members across Latin America.
The debt piece of the round, structured through General Catalyst's dedicated lending vehicle, is intended specifically to fund that expansion into consumer credit, giving Félix balance-sheet capacity to originate loans without immediately needing further equity rounds. The company's next moves will test whether its WhatsApp-native, AI-assisted approach can carry over from moving money across borders to the more heavily regulated and competitive business of issuing credit.