Félix Pago raised an $87 million Series C led by Andreessen Horowitz and secured a separate $113 million credit facility from General Catalyst's Customer Value Fund on September 1. The combined financing package is $200 million, but only the $87 million equity component is a venture round; Captables records the credit line separately so it does not inflate the site's confirmed equity-funding total.
Existing investors QED Investors, Castle Island Ventures and Switch Ventures participated in the equity financing alongside Contour Venture Partners and Endeavor Catalyst. Bloomberg initially described the transaction as a Series B and later corrected it to Series C, while industry coverage consistently separated the $87 million equity cheque from the $113 million lending facility.
Félix lets customers initiate remittances through WhatsApp while the company uses digital payment infrastructure behind the scenes. The company told Bloomberg that it has processed more than $8 billion of transfers for more than six million people across 11 Latin American markets. Those operating figures are company claims and have not been independently audited by Captables.
The capital is intended to move Félix beyond remittances. The company plans to invest in artificial intelligence, engineering and financial infrastructure while adding lending and savings products for Latin American immigrants in the United States. The credit facility is structurally important because it can fund lending and transaction float without selling the same kind of ownership that the Series C investors purchased.
For private-market participants, the two-part structure matters more than the $200 million headline. Public reporting does not disclose the Series C share price, fully diluted share count, ownership percentages, liquidation preference, credit pricing or draw conditions. The financing therefore establishes an $87 million equity event and a $113 million debt commitment, not a single $200 million equity round.