Dark
Light
Today: July 21, 2024
June 12, 2024
1 min read

Félix Pago: Mexican Fintech Raises $155M in Series A

TLDR:

  • Félix Pago, a Mexican fintech, secures $15.5M in Series A funding.
  • The funding will be used to enhance infrastructure, compliance capabilities, develop new financial products, and expand into more Latin American countries.

Mexican fintech Félix Pago has raised $15.5M in Series A funding, led by Castle Island Ventures, with participation from Switch Ventures, HTwenty Capital, Contour Venture Partners, MELI Capital, and Mercado Libre’s corporate venture arm. This funding follows a previous $7.8M pre-seed extension in September 2023. Félix Pago plans to use this investment to enhance its infrastructure and compliance capabilities, develop new financial products, and expand its presence into El Salvador, Nicaragua, the Dominican Republic, and Colombia. Founded in 2021, Félix Pago helps Latino workers in the U.S. make money transfers to Latin America via a WhatsApp chatbot, making the process simple and convenient. The company aims to become a trusted companion for Latinos in the U.S. by easing the remittance process for all Latinos. Félix Pago has partnered with Grupo Elektra, Mercado Pago, Nubank, BBVA, Walmart, and Oxxo to facilitate these transactions.

Previous Story

2024 Student Entrepreneurship Awards: Recognizing Chicago Booth’s Brightest Minds

Next Story

Revolutionizing AI: Optopia’s blockchain platform secures crucial seed funding

Latest from Blog

CTA Smart secures $3M funding boost

TLDR: CTA Smart, a technology company in the fuel sector, raised US$3M in funding. The funding will be used for expansion into the American market and globally. CTA Smart, a technology company
Go toTop