Felix Pago Secures $200M to Expand Stablecoin Payment Services

Felix Pago, a stablecoin remittance company, has secured $200 million in Series B funding to expand its financial services. The funding round includes $87 million in equity investment and $113 million in a credit facility.

The additional funds will enable Felix Pago to venture into new territories beyond its existing remittance service. According to Bloomberg, the company plans to expand into lending and savings, as well as create an AI-driven financial assistant.

Felix Pago's stablecoin payments network uses USDC for settlement and blockchain infrastructure. The company has processed over $8 billion in remittances and aims to make cross-border transactions faster and cheaper.