Félix Raises $200 Million in a16z-Led Round to Take Stablecoin Rails Beyond Remittances

Félix, the WhatsApp remittance service for Latinos in the United States, said Tuesday it raised $200 million in new financing: $87 million in equity led by Andreessen Horowitz, which announced the investment the same day, and a $113 million credit facility from General Catalyst’s Customer Value Fund. QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners and Endeavor Catalyst joined the equity round, according to a statement shared with Unchained.

The money moves on stablecoin rails Félix’s customers never see. Behind the chat window, most of Félix’s transactions settle in USDC, and partner firms pay the recipient out in their own currency, wrote Ali Yahya, a general partner at a16z crypto, and Noah Levine, an investing partner at the firm. “Customers do not need to interact with crypto directly,” they wrote.

The new capital is meant to widen a business built on a single product. Félix said it plans to develop lending and savings through third parties, expand remittances and mobile credit and data purchases, and spend on the artificial intelligence and financial infrastructure behind what it calls a Cognitive Financial Companion, a conversational layer on WhatsApp meant to work out which financial product a customer needs from the way they describe the problem. Its statement describes what the companion will do “when launched.”

“Traditional financial institutions often start with the product they want you to use. We want to start with the person,” said Manuel Godoy, co-founder and CEO of Félix. “You tell Félix what you need, in your own words, and we help you figure out the rest.”

Félix said it has processed more than $8 billion in transactions for over six million people since its founding in 2020, and said revenue grew more than 2.5x over the past year. It operates in eleven Latin American markets, including Mexico, Colombia, Brazil and Peru, and said its payout and distribution partners include Walmart, UniTeller, Intermex, Visa, Stripe, Mastercard and Checkout.com. It runs no physical branch network.

The raise lands while remittance incumbents adopt stablecoins of their own. Western Union took its USDPT stablecoin live on Solana in May, issued by Anchorage Digital Bank, and said it was developing settlement with its global agents and a consumer product for later in 2026.

“Félix has packaged two frontier technologies, AI and blockchain networks, into something simple and consumer-friendly: a better way to send and receive money,” Yahya said in the statement.

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