Latino-focused fintech Félix has raised $75 million in Series B funding to expand its innovative remittance platform that combines WhatsApp’s chat interface with stablecoin technology. The round was led by QED Investors, with participation from Monashees, General Catalyst, and other prominent investors, fueling the company’s rapid growth in cross-border payments for immigrant communities.
Founded in 2020 by Venezuelan Manuel Godoy and Mexican Bernardo García, Félix simplifies money transfers through an AI-powered WhatsApp chatbot. Users initiate transactions via text or voice messages, then complete secure payments through debit cards—all without needing cryptocurrency knowledge. The platform leverages Circle’s USDC stablecoin behind the scenes to slash costs, offering fees up to 70% cheaper than traditional remittance services.
“While crypto enables our low-cost transfers, users just see the result—fast, affordable money in their local currency,” explains CEO Godoy. This approach has driven explosive growth: Félix processed over $1 billion in remittances last year, gained 250,000+ new users, and maintains industry-leading customer satisfaction (NPS >90). Revenue grew 12-fold from 2023-2024, with 20% monthly growth across its US, Mexico, and Central American markets.
The funding follows Félix’s strategic partnership with Brazilian neobank Nubank and will support:
- New financial products beyond remittances
- Expansion across Latin America
- Talent acquisition and tech infrastructure upgrades
“Every Latino immigrant should have access to affordable money transfers,” says Godoy. “This investment lets us reach more families while maintaining our signature simplicity.”