Felix Pago Secures $200 Million in Series B Funding with Participation from a16z and Customer Value Fund

Odaily News: Felix Pago has announced the completion of a $200 million Series B funding round, comprising $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 Latin America's stablecoin remittance networks, primarily utilizing WhatsApp as its front-end interface 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.