Félix Pago raises $200M including $87M Series C from a16z crypto to expand into lending and savings products.
DeFi & Yields ·
Félix Pago, a stablecoin startup, has raised $200 million in total funding, comprised of an $87 million Series C round led by a16z crypto and a $113 million credit facility. The capital infusion supports the company's expansion into lending and savings offerings, broadening its product scope beyond stablecoins.
The funding structure reflects a dual approach to growth: equity investment from a prominent crypto venture firm alongside debt financing through a credit line. This combination enables Félix Pago to scale both its core operations and new service lines simultaneously, positioning it within the broader shift toward onchain finance infrastructure.
Key questions remain unanswered: the valuation at which the Series C was priced, the identity of the credit line provider, expected timelines for product launches, and whether additional investors participated in the equity round alongside a16z crypto.