Felix raises $200M to push its WhatsApp remittance bot into lending
A16z led $87M of equity and General Catalyst supplied $113M of debt as Manuel Godoy and Bernardo Garcia expand Felix beyond remittances into loans and savings.
By RuntimeWire Staff · Published
Primary source: Crunchbase News
Why it matters
Only $87M of Felix's $200M package is equity. The larger debt facility shows Godoy and Garcia are preparing for credit products, where distribution alone will not carry the risk.
Manuel J. Godoy and Bernardo Garcia have secured $200M for Felix, giving the founders a large pool of capital to turn a WhatsApp remittance service into a broader financial relationship with Latino immigrants in the US.…