Miami-based paytech Félix Pago raised a $75M Series B round led by QED Investors, with participation from Monashees, Switch Ventures, Castle Island, and HTwenty. The round follows Félix Pago’s $15.5M Series A in June 2024.
Félix Pago operates a WhatsApp-based remittance service that allows US residents to send money to Mexico, El Salvador, Guatemala, Honduras, and the Dominican Republic.
Félix Pago will use the funds to launch savings and credit products, to explore acquisitions as part of its growth strategy, and to expand into Colombia, Ecuador, and Peru.
“We want to move beyond remittances and become a platform where people can actually use their money,” said Manuel Godoy, co-founder and CEO of Félix Pago.
Founded in 2020, Félix Pago processed over $1B in remittances in 2024 and has partnered with Mercado Pago and Nubank to grow its user base.
Read more on LatamFintech Hub.