a16z Leads Félix Series C Round to Scale Stablecoin Remittances

Andreessen Horowitz (a16z) has led the Series C equity raise for Félix, a WhatsApp-based remittance platform that settles most of its transfers in USDC.

Félix aims to scale stablecoin remittances, particularly in the U.S.-to-Latin America corridor where sending money can still cost around 5% of a transfer, adding up to billions of dollars in annual friction.

The startup has processed over $8 billion and serves six million people across eleven markets, with most new users arriving through word of mouth rather than paid marketing.