PANews
PANews|Sep 01, 2026 10:58
[Stablecoin Cross-Border Remittance Startup Felix Pago Completes $200 Million Series B Financing, a16z Participates] According to Bloomberg, stablecoin cross-border remittance startup Felix Pago has announced the completion of a $200 million Series B financing round. This round includes $87 million in equity financing and $113 million in credit line financing. The equity financing was co-invested by Andreessen Horowitz (a16z), while the credit line financing came from General Catalyst's Customer Value Fund. Felix Pago is currently one of the most representative stablecoin remittance networks in Latin America, primarily using WhatsApp as the front-end interface and leveraging USDC and blockchain as the underlying settlement infrastructure. This has significantly reduced the cost and transfer time for cross-border remittances from the United States to Mexico.
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