Fintech
Mexican fintech Félix Pago secures $15.5 million Series A
Solution for B2C remittances Felix raised a $15.5 million Series A round led by Adventures on Castle Islandwith the participation of Change business, HTventi Capital, Side business partner, MELI Capital, the corporate venture arm of Mercado Libre. The funding follows a $7.8 million pre-seed extension expected in September 2023.
Félix will use the investment to improve its infrastructure and compliance capabilities to develop new financial products and expand its presence in El Salvador, Nicaragua, the Dominican Republic and Colombia.
Félix helps Latino workers in the United States make money transfers to Latin America via a WhatsApp chatbot, allowing users to initiate a remittance via SMS or by sending a voice memo.
“To become the trusted companion of Latinos in the United States, we must solve the problem of remittances for all Latinos. I like to say that WhatsApp is the operating system of the region, so it makes sense to build something on top of WhatsApp to make it super simple,” he said Manuel Godoyco-founder and CEO of Félix.
Founded in 2021, Félix partners include Elektra Group, Pago Market, Nubank, BBVA, WalmartAND Oxxo.
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