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FollowingFélix received US$200 million in financing to use USDC to expand WhatsApp-based AI remittance service
Félix, a company that uses WhatsApp to provide remittance services to Hispanics in the United States, announced on Tuesday that it had received US$200 million in new financing. Among them, the company received US$87 million through equity financing, led by Andreessen Horowitz; at the same time, it received a US$113 million credit line from General Catalyst's Customer Value Fund. Also participating in the equity round were QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners and Endeavor Catalyst.
stablecoin-driven remittances: behind-the-scenes mechanisms
Although Félix users operate through a familiar chat interface, the engine behind the service runs on top of stablecoins. Most transactions are settled through USDC, allowing fast and reliable cross-border transfers. The company's cooperative organization then pays the recipient in local currency. Ali Yahya, general partner at Andreessen Horowitz, and Noah Levine, investment partner, said clients do not need to have direct access to crypto assets. Most of Félix's transactions are settled in USDC through the stablecoin channel, while customers only experience a seamless chat interface, without having to process cryptocurrencies themselves. Félix adheres to a purely digital approach, relying on its technology stack rather than physical outlets.
Expansion Plans and Smart Financial Tools
With new funding, Félix plans to expand its services from a single major product to a broader portfolio of financial products. The company plans to work with third-party providers to develop loan and savings options and expand mobile credit and charge recharge services for users. Investment will also be made in artificial intelligence and infrastructure to create what Félix calls a "cognitive financial companion," a feature that is integrated into the WhatsApp experience. This conversational AI aims to interpret customer needs from natural language, recommend relevant financial products, and guide users to complete operations. Félix describes its approach as prioritizing the needs of each user rather than directing users to pre-selected products. Co-founder and CEO Manuel Godoy said: "Traditional financial institutions tend to start with the product they want you to use. And we want to start from the user. You tell Félix in your own words what you need, and we will help you with the rest." Currently, the company's services cover 11 Latin American markets including Mexico, Colombia, Brazil and Peru, with partners including payment and distribution providers such as Walmart, UniTeller, Intermex, Visa, Stripe, Mastercard and www.example.com. Checkout.com
Industry Growth and Technology Adoption
Founded in 2020, Félix reportedly has processed more than $8 billion in transactions for more than 6 million users, and revenue has more than doubled in the past year. The news comes as traditional remittance companies are also embracing stablecoin technology. In May this year, Western Union partnered with Anchorage Digital Bank to launch USDPT stablecoins on Solana and is working with its global proxy network to develop settlement solutions, while consumer-oriented products are scheduled to be launched later in 2026. Yahya said that Félix combines artificial intelligence with blockchain to create a simple and easy-to-use solution for international funds. Félix packages two cutting-edge technologies, AI and blockchain networking, into an easy-to-use consumer-friendly product: a better way to send and receive funds. In a fast-paced environment where regulatory decisions or the launch of new currencies can instantly affect the market, efficient management tools are becoming increasingly important to users. Savvy traders are now using privacy-conscious tools to access real-time charts, price reminders, currency-specific news and macroeconomic data on a single screen, eliminating the need to switch between multiple applications or create accounts.
