WhatsApp Remittance Startup Félix Secures $200M Series C Led By A16z, General Catalyst
Félix, a Miami-based AI-powered WhatsApp remittance platform for Latino immigrants, announced on Tuesday that it has secured $200 million in Series C funding co-led by Andreessen Horowitz and General Catalyst.
Félix, an AI-powered WhatsApp remittance platform for Latino immigrants, has secured $200 million in Series C funding co-led by Andreessen Horowitz and General Catalyst. The startup, founded in 2020 by Manuel Godoy and Bernardo García, has processed over $8 billion in transactions and grown revenue more than 2.5x in the past year.
The $200 million investment includes $87 million in equity from A16z and $113 million in debt from General Catalyst's Customer Value Fund. Félix aims to expand its offerings and enter new markets across Latin America. The company's co-founders, Manuel Godoy and Bernardo García, emphasize their mission to simplify financial services for Latino immigrants in the U.S.
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