‘Home’ evokes deep emotions as over 47 million Latino workers in the US send money to their families, creating a bridge of hopes and dreams. Felix Pago, a fintech startup, is revolutionising this process with its latest $15.5 million Series A fundraising, reimagining cross-border remittances.
Latino workers have traditionally faced high fees and poor accessibility when sending money home. Through WhatsApp, Felix Pago presents an innovative solution to these challenges.
Utilizing WhatsApp for remittances, Felix Pago eliminates costly services and transaction costs by up to 70%, offering an easier and cheaper method for rural communities.
Felix Pago collaborates with financial institutions to ensure recipients in Latin America can access funds, stimulating local economies and financial strengthening.
With new funding, Felix Pago is set for rapid expansion and service diversification in Latin America, promising a larger market share in remittances.
Inspired by founders' personal experiences, Felix Pago is dedicated to breaking barriers in remittance channels, offering inclusive financial services to Latino workers.
Felix Pago aims to make remittance flows cheaper and easier, strengthening the financial health and economic resilience of Latin American communities.
Felix Pago goes beyond technological disruption, recasting the concept of home for Latinos abroad, offering a lifeline of connection, love, and support, embodied in the spirit of familia.
A space where Felix Pago's vision of home fosters a sense of belonging and a shared identity, transcending physical and financial barriers to form a transnational family connected by love and support.
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