Miami-based fintech startup Felix has secured $200 million in a Series C funding round. The investment was co-led by Andreessen Horowitz and General Catalyst. Specifically, a16z contributed $87 million in equity, while General Catalyst provided $113 million in debt financing. Other participants included QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners, and Endeavor Catalyst.
Founded in 2020 by Manuel Godoy and Bernardo Garcia, the company has raised nearly $300 million in total. While the current valuation remains undisclosed, the startup reported that it has tripled since the Series B round of $75 million, which took place in 2025. Felix utilizes AI and blockchain technology to facilitate remittances via WhatsApp for Latino immigrants.
To date, the platform has processed over $8 billion in transactions and achieved a revenue growth of more than 2.5 times over the past year. The service currently operates across 11 Latin American markets, including Mexico, Brazil, Costa Rica, Honduras, and Peru. The new capital will be used to expand the company's product offerings and enter additional markets in the region.