Félix Pago provides a WhatsApp-based chatbot that lets U.S. workers send remittances to Latin America using chat and voice messages, with recipients able to receive bank deposits or cash pickups. The company routes settlement via Circle USDC to lower FX costs, reduce pre-funding needs and enable features like a free first transaction; subsequent transfers to Guatemala and Mexico charge $2.50, with tiered pricing for Honduras. Félix has built cash pickup partnerships in Mexico, Guatemala and Honduras and offers an optional $1.99 receipt with a unique ID for teller pickup. Growth has been driven by referrals, influencer marketing and partnerships (Mercado Libre referrals accounted for 25% of new users), and Félix reports roughly 30% month-over-month growth. Its user base in the U.S. is mainly blue-collar Latino workers in construction, food and home services. Product roadmap includes a credit builder and eventual credit products to become a broader financial companion for Latino immigrants.

Total raised

$16M

Funding rounds

1

Latest round

Series A

Latest activity

May 2024