Overview
- Félix closed a $200 million Series C co‑led by Andreessen Horowitz and General Catalyst, with roughly $87 million in equity from a16z and $113 million in debt from General Catalyst’s Customer Value Fund.
- The company says it has processed more than $8 billion in transfers and grew revenue more than 2.5 times in the past year while serving users across 11 Latin American markets.
- Leadership frames the round as a strategic pivot away from pure person‑to‑person remittances toward lending, savings and other consumer financial products tailored to Latino immigrants.
- Félix plans to center product development on a WhatsApp‑based conversational AI called the 'Cognitive Financial Companion' that guides users in Spanish and other languages to suitable financial options.
- The move targets a large, shifting remittance market and could raise competition with firms like Western Union, MoneyGram and fintechs such as Remitly and Wise while giving immigrants easier digital access to credit and savings tools.