Stablecoin Remittance Startup Felix Pago Raises $200 Million
Felix Pago, a startup specializing in stablecoin remittances, has secured $200 million in Series B funding. The investment includes $87 million in equity led by Andreessen Horowitz and a $113 million credit facility from General Catalyst’s Customer Value Fund.
The company utilizes stablecoins and blockchain infrastructure to facilitate cross-border payments through WhatsApp, having processed over $8 billion in transactions.