Stablecoin cross-border remittance startup Felix Pago has completed a $200 million Series B funding round, with participation from a16z

According to Bloomberg, the stablecoin cross-border remittance startup Felix Pago announced the completion of a $200 million Series B funding round.

This round of financing includes $87 million in equity financing and $113 million in credit line financing. The equity financing was co-invested by Andreessen Horowitz (a16z), while the credit line financing comes from General Catalyst's Customer Value Fund.

Felix Pago is currently one of the most representative stablecoin remittance networks in Latin America, primarily using WhatsApp as the front-end entry point, and leveraging USDC and blockchain as the underlying settlement infrastructure, significantly reducing the cost and time for cross-border remittances from the United States to Mexico.