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About Félix
Félix is a fintech platform that enables cross-border remittances from the US to Latin America through a WhatsApp-based conversational interface. Its core business allows users to send money by simply chatting with a bot, eliminating the need for separate apps or in-person visits. The service supports payments via bank cards or cash, with recipients able to receive funds in bank accounts or pickup locations.
Félix's value proposition centers on combining stablecoin infrastructure with AI-driven automation to reduce costs and transaction times. By leveraging stablecoins for settlement, it bypasses traditional correspondent banking fees, while its AI chatbot handles compliance checks and customer support in Spanish 24/7. This addresses key pain points in the remittance market: high fees (often up to 13%), slow processing times (days), and complex procedures. The platform focuses on underbanked immigrants who frequently send small amounts home.
In the past six months (March–September 2026), Félix expanded significantly across Latin America. It launched partnerships with Yape in Peru and Banco Guayaquil/PeiGo in Ecuador, enabling users in those countries to request remittances directly from their local digital wallets. The company reported a 30% month-over-month growth in payment volume and maintained an approval rate of approximately 90%. It also joined the Open Standard initiative alongside Visa and Stripe to promote stablecoin interoperability. No major negative events were reported during this period, though the company faces inherent risks from cryptocurrency volatility and evolving regulations in multiple jurisdictions.
Founded in 2020 by Manuel Godoy and Bernardo García, two Wharton MBA graduates with immigrant backgrounds, Félix set out to fix the high costs and friction of cross-border remittances to Latin America.
A defining milestone came with its product architecture: rather than building a standalone app, Félix embedded its entire service inside WhatsApp, letting users send money by typing a message or recording a voice note. On the backend, it adopted Circle's USDC stablecoin and the Stellar blockchain for settlement, bypassing traditional correspondent banking rails. This design cut transaction fees from roughly $4.98 to $2.99 and enabled near-instant transfers, even on nights and weekends.
In terms of funding, Félix raised a $75 million Series B in 2024 at a valuation around $484.5 million. Then in September 2025, it closed a $200 million round—$87 million in equity led by Andreessen Horowitz and $113 million in debt from General Catalyst's Customer Value Fund—tripling its valuation to approximately $1.4 billion and bringing total raised to nearly $300 million.
By that point, Félix had processed over $8 billion in volume for more than six million customers across markets including Mexico, Colombia, El Salvador, and Guatemala, with plans to expand further across Latin America.
Félix, the WhatsApp-based fintech for Latin American remittances, secured $200M in Series C funding in September 2026, led by a16z, with $87M equity and $113M debt from General Catalyst. The company has processed over $8B in transactions for 6M+ users across 11 countries, with revenue growing 2.5x YoY. Key developments include expanding beyond remittances into lending and savings products, leveraging stablecoin infrastructure via Bridge for USDC settlement, and launching mobile top-ups. The company plans to enter Brazil and Venezuela, scale its AI-powered 'Cognitive Financial Companion' assistant, and build a credit business using alternative underwriting data from remittance history. Félix aims to transform from a transfer service into a full digital bank for underserved Latin American users, competing with traditional players like Western Union.
Félix's co-founders are Manuel J Godoy (CEO) and Bernardo García (COO). Both hold MBAs from Wharton. Manuel brings entrepreneurial and fintech expertise, while Bernardo previously worked at McKinsey (Finalta), Uber, and Waymo in strategy and operations. The core executive team also includes CTO Francisco Godoy, who was a business systems analyst at Google with a background in data engineering and architecture.