Félix, a Miami-based fintech startup leveraging AI through WhatsApp to serve Latino immigrant communities, has closed a $200 million Series C funding round led by Andreessen Horowitz and General Catalyst, marking a significant boost for its cross-border remittance platform.
- Félix combines AI and blockchain tech for simplified remittances via WhatsApp.
- Series C round totals $200M with equity led by A16z and debt from General Catalyst.
- Platform serves 11 Latin American markets, growing transaction volume and revenue.
What happened
Félix, a Miami-based fintech focused on remittances via WhatsApp, announced a $200 million Series C funding round co-led by Andreessen Horowitz (A16z) and General Catalyst. A16z contributed $87 million in equity, while General Catalyst provided $113 million in debt financing aimed at fueling Félix's expansion.
Founded in 2020 by Manuel Godoy and Bernardo García, Félix has raised nearly $300 million in total funding to date. The company’s valuation has tripled since its previous $75 million Series B round in 2025, reflecting strong investor confidence and rapid growth in usage.
Why it matters
Félix is addressing a critical pain point for Latino immigrants in the U.S. by combining AI and blockchain to streamline money transfers to families throughout Latin America. This approach simplifies cross-border remittances, traditionally challenged by cost and accessibility issues.
The startup’s rapid revenue growth and multi-billion-dollar transaction volume highlight the potential of fintech solutions tailored to underserved communities. The involvement of leading venture capital firms underscores increasing investor interest in niche financial services powered by emerging technologies.
What to watch next
Félix plans to use its latest funding to broaden its financial product offerings beyond remittances and to enter new Latin American markets. Tracking the company’s expansion will provide insights into the adoption of AI-driven financial services in the region.
Additionally, the wider fintech funding environment, which saw $28.6 billion raised globally in the first half of 2026, will be important to monitor as Félix scales. The startup's success could influence investment dynamics for startups targeting migrant and cross-border markets with localized, technology-enabled solutions.