Félix Pago facilitates instant money transfers from the US to various Latin American countries, including Mexico, Guatemala, and Colombia. Transactions are initiated and completed directly through the WhatsApp messaging platform, eliminating the need for separate applications. This service provides recipients with options for direct bank deposits or cash pickup at numerous retail locations.
Funding
$98.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CI+2Founders
Product
Problem
Traditional methods of sending money internationally often involve high fees, long processing times, and the inconvenience of physical locations or multiple application downloads. This can be especially burdensome for individuals who regularly send remittances to family members in other countries.
Solution
Félix provides a chat-based platform that leverages blockchain technology and AI to facilitate instant cross-border money transfers. Users can send money directly through WhatsApp by interacting with the Félix bot, eliminating the need to download separate apps or visit physical remittance centers. The service supports immediate delivery to recipients' bank accounts in Mexico, Guatemala, Honduras, El Salvador, and the Dominican Republic, with options for cash pickup at over 40,000 locations. Félix offers a streamlined experience with competitive exchange rates and a transparent fee structure, making international money transfers more accessible and efficient.
Target Audience
The primary target audience is Latino individuals in the U.S. who regularly send money to family members in Mexico, Guatemala, Honduras, El Salvador, and the Dominican Republic.
Features
- Send money directly through WhatsApp using a chat-based interface
- Instant transfers to bank accounts in Mexico, Guatemala, Honduras, El Salvador, and the Dominican Republic
- Cash pickup options at over 40,000 locations
- Real-time exchange rate information displayed within the chat
- Fixed transfer fee of $2.99 USD, with the first transfer being free
- Integration with multiple licensed money transmitters, including UniTeller and Intermex
- Customer support available 24/7
- Compliance with U.S. regulations for money transmission (NMLS ID#2302775)