Felix Pago Raises $200 Million in Series B Funding

Felix Pago said it has completed a $200 million Series B financing round, including $87 million in equity funding and $113 million in credit facility financing. According to Odaily, Andreessen Horowitz (a16z) participated in the equity round, while General Catalyst's Customer Value Fund provided the credit facility financing. Felix Pago is one of Latin America's stablecoin remittance networks and uses WhatsApp as its front-end entry point, with USDC and blockchain as its settlement infrastructure to reduce the cost of cross-border remittances from the U.S. to Mexico and shorten transfer times.