Key Takeaways
BlockchainReporter notes Andreessen Horowitz is leading a Series C equity raise for WhatsApp-based remittance platform Félix, which settles transfers in USDC.
According to BlockchainReporter, Andreessen Horowitz (a16z) announced on September 1 that it is leading the Series C equity raise for Félix, a WhatsApp-based remittance platform that settles most of its transfers in USDC. Authored by a16z partners Ali Yahya and Noah Levine, the announcement details Félix's focus on the U.S.-to-Latin America corridor.
Founded by Manuel Godoy and Bernardo García, Félix utilizes an AI financial companion inside WhatsApp to handle onboarding, transactions, and support. While the platform settles in USDC, customers do not interact with crypto directly, as local currency conversion is handled via payout partners. Félix reports processing over $8 billion and serving six million people across eleven markets.
Looking beyond remittances, Félix plans to introduce credit and savings products targeting the U.S. Latino population. a16z notes that stablecoin payment rails enable cheaper and faster deployment of these financial products compared to traditional legacy banking systems. The financial size of the Series C round was not disclosed in the announcement.
Source & Fact-Check Note
This report is synthesized from coverage by BlockchainReporter. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
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