# Félix Raises $200M Series C at $1.4B Valuation for AI Remittance Platform

> Felix has raised a 200-million-dollar Series C that roughly triples its valuation to 1.4 billion dollars, a sign of how much investors like the collision of messaging apps, AI, and cross-border money. The round splits into 87 million in equity led by Andreessen Horowitz and 113 million in credit from General Catalyst's customer-value fund, and it brings the company's total capital raised to around 300 million since 2020. The product is disarmingly simple: Latin American workers in the United States send money home through a WhatsApp conversation, with conversational AI handling the interaction and blockchain rails moving the funds underneath. That approach has processed more than eight billion dollars across eleven Latin American markets, targeting a remittance corridor that traditional providers have long served with high fees and clunky apps. Remittances are a huge, sticky market, and meeting users inside an app they already live in is a smart wedge. The credit-heavy structure is worth noting, since lending to fund growth carries different risks than equity, but the momentum behind a fintech aimed at an underserved, high-volume corridor is real.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: Crunchbase News · Published Thursday, September 3, 2026_

## Wortins' read

Felix has raised a 200-million-dollar Series C that roughly triples its valuation to 1.4 billion dollars, a sign of how much investors like the collision of messaging apps, AI, and cross-border money. The round splits into 87 million in equity led by Andreessen Horowitz and 113 million in credit from General Catalyst's customer-value fund, and it brings the company's total capital raised to around 300 million since 2020. The product is disarmingly simple: Latin American workers in the United States send money home through a WhatsApp conversation, with conversational AI handling the interaction and blockchain rails moving the funds underneath. That approach has processed more than eight billion dollars across eleven Latin American markets, targeting a remittance corridor that traditional providers have long served with high fees and clunky apps. Remittances are a huge, sticky market, and meeting users inside an app they already live in is a smart wedge. The credit-heavy structure is worth noting, since lending to fund growth carries different risks than equity, but the momentum behind a fintech aimed at an underserved, high-volume corridor is real.

## Source

[Read the full story at Crunchbase News](https://news.crunchbase.com/venture/fintech-whatsapp-remittance-startup-felix-raises-200m-a16z-general-catalyst/)

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