Félix raises $200M Series C and reaches unicorn status
Fintech Félix raised a $200M Series C tripling its valuation from its previous round and reaching unicorn status.… The post Félix raises $200M Series C and reaches unicorn status appeared first on LatamList .
Fintech startup Félix has secured a $200 million Series C round, more than tripling its valuation and achieving unicorn status. The financing, led by Andreessen Horowitz, includes $87 million in equity and $113 million in debt from General Catalyst's Customer Value Fund. Additional investors such as QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners, and Endeavor Catalyst also participated.
Established in 2020 by Manuel Godoy and Bernardo García, Félix enables US users to transfer funds to Latin America via WhatsApp. The platform uses conversational AI and blockchain to process and settle transactions without requiring users to download a separate app. Félix plans to leverage the capital to broaden its product line and enter new Latin American markets.
The company has processed over $8 billion in transactions and currently operates in 11 Latin American countries, including Mexico, Brazil, Costa Rica, Honduras, and Peru. Félix's revenue has surged more than 2.5 times in the last year.
Written by urgent.news from LatamList's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
