Félix began by helping Latino immigrants send money home through WhatsApp. With $200 million in new financing, the Miami-based fintech is preparing to turn those conversations into something much larger.
The financing includes $87 million in equity led by Andreessen Horowitz and a $113 million credit facility from General Catalyst’s Customer Value Fund. QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners and Endeavor Catalyst also participated.
Félix plans to use the capital for hiring, artificial intelligence, engineering, financial infrastructure and entry into more Latin American markets. The credit facility will also help support lending as the company moves into savings, loans and other services.
The company enters this phase with considerable momentum. Félix said it has processed more than $8 billion in transactions for over six million people across 11 Latin American markets. Its revenue grew more than 2.5 times year over year.
Founders Manuel Godoy and Bernardo García [featured at the top of this post] met at the Wharton School and now live in Miami. They started Félix with remittances because sending money home is one of the most pressing financial needs for many Latino families.
Customers use Félix through WhatsApp instead of installing a separate service. They can enter transfer details through a chat and pay by card or cash. Recipients collect the funds in local currency through a bank account or cash pickup. Artificial intelligence interprets text and voice requests, while USDC and blockchain systems help settle the transfers behind the scenes.
Félix is now building what it calls a “Cognitive Financial Companion.” The WhatsApp-based assistant is intended to understand a customer’s needs in ordinary language and connect that person with relevant financial products.
“I experienced this problem personally. When I came to the U.S., even getting a small loan was harder than it should have been. Traditional financial institutions start with the product they want you to use. We want to start with the person. You tell Félix what you need, and we help you figure out the rest,” Godoy said in a statement.
Godoy described the company’s larger goal more directly in a LinkedIn post announcing the financing.
“Our ambition is to deliver a Goldman Sachs-level financial experience, with the simplicity of a conversation, to people the financial system has historically overlooked,” he wrote.
Félix also plans to expand into markets including Brazil and Venezuela. It recently introduced mobile phone top-ups, allowing customers in the United States to pay for relatives’ phone service in their home countries.
The new capital gives Félix more room to compete with Western Union, MoneyGram, Remitly, Wise and Bitso for a Latin American remittance market exceeding $160 billion annually, according to Bloomberg. Yet its longer-term opportunity rests on converting a service used for individual transfers into an ongoing financial relationship.
As Félix moves into that next phase, Godoy said the company’s product plan would begin with its users.
“We do not have to guess what our customers need next. They tell us.”
READ MORE IN REFRESH MIAMI:
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- Félix raises $200 million to bring loans and savings to WhatsApp – September 1, 2026
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