a16z Leads $200 Million Series C Funding Round for US Remittance Startup Felix Pago, Focusing on Stablecoin Remittances and Financial Services

BlockBeats News, September 2nd, Fintech startup Felix Pago, which provides cross-border remittance services to Latin American immigrants, has completed a $200 million Series C financing round. a16z led a $87 million equity financing, while General Catalyst's Customer Value Fund provided a $113 million credit line.

Felix Pago mainly offers remittance services from the United States to Latin America through WhatsApp, utilizing USDC and blockchain for settlement. The company plans to use the new funding to further expand from its core remittance business to services such as lending and savings.