Felix Pago secures $200 million Series B, split between equity and credit
DeFi & Yields ·
The stablecoin-focused remittance firm closed a $200 million round combining fresh equity and a separate lending facility, with backing from a16z.
Felix Pago has closed $200 million in Series B funding, according to a report cited by wublockchain.xyz. The round breaks down into $87 million in equity, led by Andreessen Horowitz, and a $113 million credit facility supplied by General Catalyst's Customer Value Fund. The mixed structure lets the company pair growth capital with financing capacity for the transfers it settles.
The company operates as a WhatsApp-basedWhatsApp-based) money-transfer service, routing cross-border payments through stablecoins and blockchain rails rather than conventional banking settlement. That approach has underpinned more than $8 billion in remittances processed to date, per the same wublockchain.xyz report.
Beyond its core transfer business, Felix Pago is preparing to move into lending and savings offerings, alongside an AI-driven financial assistant meant to sit on top of its existing messaging-based interface. The credit facility from General Catalyst's Customer Value Fund is structured separately from the equity portion, suggesting it may be earmarked to support balance-sheet needs tied to future lending activity rather than general operating costs.
The deal is corroborated by at least one other account describing the raise in similar terms, noting a16z crypto's involvement in the round. Two distinct sources have reported on the financing so far.
What remains unspecified is the company's post-money valuation, the timeline for rolling out lending and savings products, and how the AI assistant will be integrated into its WhatsApp-based platform. Details on user growth, geographic expansion plans, and how the credit facility will be drawn down have not been disclosed.