Felix Pago Completes $200 Million Series B Financing with Participation from a16z and Customer Value Fund

Felix Pago has announced the completion of a $200 million Series B financing, which includes $87 million in equity financing and $113 million in credit facility financing. Andreessen Horowitz (a16z) participated in the equity financing, while the Customer Value Fund under General Catalyst provided the credit facility financing. Felix Pago is one of the remittance networks for stablecoins in Latin America, primarily using WhatsApp as the front-end entry point, leveraging USDC and blockchain as the underlying settlement infrastructure to reduce the cost of cross-border remittances from the U.S. to Mexico and shorten the time for funds to arrive.

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