Felix Pago Raises $200M in Series B Funding, Backed by a16z and Customer Value Fund
OdailyOdaily News: Felix Pago announced the completion of a $200 million Series B funding round, consisting of $87 million in equity financing and $113 million in credit facility financing. Andreessen Horowitz (a16z) participated in the equity financing, while General Catalyst's Customer Value Fund provided the credit facility. Felix Pago is one of the stablecoin remittance networks in Latin America, primarily using WhatsApp as the front-end entry point and leveraging USDC and blockchain as the underlying settlement infrastructure to reduce the cost and shorten the settlement time of cross-border remittances from the United States to Mexico.
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