Stablecoin remittance startup Felix Pago completes $200 million Series B financing; funds will be used to expand its cross-border payment business. The company provides remittance services through WhatsApp, utilizing stablecoins and blockchain infrastructure for settlement.

Financing consists of equity and credit lines.

This round of financing includes $87 million in equity financing, led by Andreessen Horowitz; in addition, there is a credit line of $113 million from Customer Value Fund under General Catalyst.

Felix Pago The current focus of the business is cross-border remittances. The company uses stablecoins for fund settlement to reduce the time and cost friction in cross-border payments, and then reaches users through familiar chat tools.

The cumulative remittance volume exceeds $8 billion.

The company disclosed that as of now, Felix Pago has processed over $8 billion in remittances in total. This figure indicates that the application of stablecoins in cross-border payment scenarios is gradually extending from crypto-native users to a broader range of daily financial services.

In terms of business expansion, Felix Pago plans to further enter the lending and savings product sectors, while also developing a financial assistant driven by AI, in an attempt to extend remittance services into a more comprehensive personal finance platform.

Stablecoin payments continue to extend to the consumer side.

Recently, the focus of stablecoin applications has been expanding from trading scenarios to payments and settlements. The new financing of Felix Pago reflects that the capital market is still paying attention to the practical capabilities of stablecoins in high-frequency scenarios such as cross-border remittances.

For Felix Pago, the key focus going forward is whether it can convert existing remittance users into more frequent users of financial services such as lending and savings, as well as to promote the integration of AI tools with payment products.