Félix, a chat-based platform leveraging WhatsApp and stablecoins, has raised $75 million in Series B equity and growth financing to help Latino immigrants in the US send money abroad.
This funding round was led by QED Investors, with contributions from Monashees, Switch Ventures, Castle Island, HTwenty, General Catalyst Customer Value Fund, and Endeavor Catalyst.
Founded in 2020 by Venezuelan entrepreneur Manuel Godoy and Mexican co-founder Bernardo García, Félix operates in the United States and extends its services to Mexico, El Salvador, Honduras, and Guatemala. The platform employs artificial intelligence to streamline money transfers via a chatbot. Users can initiate transactions on WhatsApp by specifying the amount they wish to send and the recipient, and they only enter their debit card details at the final step through a secure link.
Félix utilizes Circle’s USDC stablecoin to reduce currency exchange costs, enabling transactions that are both faster and more affordable compared to traditional Swift methods.
“Cryptocurrencies are powerful enablers of remittances, but we simplify it for the users,” states CEO Manuel Godoy. “Users aren’t interested in how the money crosses borders—they simply want their money quickly, affordably, and reliably in their local currency. Cryptocurrencies make this possible.”
Over the past year, Félix has processed more than $1 billion in remittances, attracted over 250,000 new users, and maintained a Net Promoter Score (NPS) above 90. The company’s revenue has surged 12 times from 2023 to 2024, achieving a 20% month-over-month growth across its markets.
In January, the firm signed a partnership with Brazilian digital banking giant Nubank to utilize its platform for international remittances in the Mexican market.
Looking forward, Godoy mentions that the new funding will be directed toward introducing additional financial products, expanding geographically, hiring new talent, and enhancing infrastructure.
“Our goal is to serve all of Latin America, especially in the countries where our users have loved ones,” he emphasizes. “We want to be present where needed, delivering an exceptional money-sending experience to every user.”