Felix, a Miami startup that lets Latino immigrants in the US send money home over WhatsApp, raised $200 million in a Series C led by Andreessen Horowitz and General Catalyst. Crunchbase News and The Investor Society both reported the round.
The round split $87 million in equity from a16z, QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners and Endeavor Catalyst, and $113 million in debt from General Catalyst's Customer Value Fund, both outlets reported.
Felix did not disclose an exact valuation but said it had roughly tripled since its $75 million Series B in 2025, Crunchbase News reported. The Investor Society put the new valuation at $1.4 billion, up from about $484.5 million at the Series B.
Founded in 2020 by Manuel Godoy and Bernardo Garcia, Felix has processed more than $8 billion in transfers across 11 Latin American markets and has now raised nearly $300 million total, according to Crunchbase News. "You tell Felix what you need, in your own words, and we help you figure out the rest," Godoy said, according to Crunchbase News.
The company plans to use the money to expand into Brazil and Venezuela and to launch lending and savings products, moving from a single purpose transfer app toward a full financial services layer for an underbanked customer base, The Investor Society reported. That is the same playbook fintech has run before: win on one narrow, painful transaction, then sell everything else once you have the trust and the transaction data.