INFOGRAPHIC: LatAm's Top Weekly Startup Funding — Week 22
These are the funding deals we tracked in the LatAm region this week – including Felix Pago, Welbe Care, El Dorado, Wanda, Actiz, and Bebook.
- Felix Pago Raises $15.5M to Revolutionize Latino Remittances via WhatsApp
- Mexican Healthtech Welbe Care Secures $7M to Expand into Mexican States
- Colombian Startup El Dorado Raises $3M to Grow its User Base and Improve Security Features
- Brazilian Healthtech Wanda Raises $288K to Revolutionize Nursing Recruitment
- Brazilian Startup Actiz Secures $234K to Invest in its Product Development
- Brazilian Startup Bebook Secures $195K to Strengthen its Technological Infrastructure
Felix Pago Raises $15.5M to Revolutionize Latino Remittances via WhatsApp
- Latin American startup Felix Pago has raised $15.5 million in a Series A round led by Castle Island Ventures.
- Founded in 2021 by Manuel Godoy and Bernardo Garcia, Felix Pago capitalizes on remittances worth $155 billion from U.S. workers to Latin America to offer low-cost transactions facilitated by Circle’s USDC stablecoin thereby reducing foreign exchange costs and pre-funding needs.
- The company also leverages WhatsApp’s extensive reach in the Latin American region, using a chatbot to streamline cross-border money transfers, including voice-activated transactions.
- Felix Pago will use the new funding to expand into El Salvador, Nicaragua, the Dominican Republic, and Colombia and achieve its vision of becoming the go-to financial companion for Latino immigrants in the U.S., offering services beyond remittances, such as credit-building.
