Félix announces $200m mixed Series C financing
Andreessen Horowitz led $87m in equity; General Catalyst's Customer Value Fund committed a separate $113m credit facility.
Félix handles the transfer flow in WhatsApp, combining conversational AI with blockchain infrastructure to process and settle payments. The company says it has processed more than $8 billion across 11 Latin American markets, while revenue grew more than 2.5 times over the past year.
The financing combines $87 million of equity with a $113 million credit facility from General Catalyst’s Customer Value Fund.
The equity financing will expand the product offering and support entry into additional Latin American markets. Andreessen Horowitz led the equity portion, with QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners and Endeavor Catalyst participating.
Use of funds
Expand the product offering
Enter new markets across Latin America