Felix Pago Secures $200M to Expand Stablecoin Remittance Network in Latin America

Felix Pago has secured $200 million in financing to expand its stablecoin-enabled remittance network focused on Latin America. The package includes $87 million in equity funding and a $113 million credit facility, providing growth capital and additional balance-sheet capacity for the company.

The Felix Pago stablecoin remittance model uses WhatsApp as its primary user interface, while USDC and blockchain infrastructure support settlement behind the scenes. This approach makes the underlying technology invisible to end-users, allowing them to send money without needing to hold or understand stablecoins directly.

Felix Pago can use the new capital to expand into additional remittance corridors, strengthen compliance infrastructure, and improve its consumer product. The company is particularly focused on flows between the United States and Latin America, including major corridors such as U.S.-to-Mexico transfers.