Remittance Platform Félix Pago Announces $75 Million Series B Led by QED Investors

2 minute read | April.07.2025

Félix Pago, a leading cross-border remittance platform, has successfully raised $75 million in a Series B funding round led by QED Investors. This significant investment will propel Félix Pago's mission transform financial services for Latino immigrants in the United States and their families in Latin America through advanced technology.

Orrick represented Félix.

THE COMPANY

Félix is a chat-based platform that enables Latinos in the US to send money abroad. The company combines Blockchain and Artificial Intelligence to disrupt how remittances are done today and build the future of cross-border payments.

THE IMPACT

The funding will enable Félix Pago to expand its operations and enhance its platform, furthering its goal of transforming the remittance industry through innovative technology. It also supports the company's efforts to improve accessibility and efficiency in cross-border transactions.

THE TEAM

Orrick’s Stephen Thau led the team that advised Félix Pago. The team also included Christopher Reynolds, Andrés Yarto and Christina Campisano.

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Related Lawyers

Stephen Thau Partner, Technology Companies Group, Life Sciences & HealthTech

New York; Silicon Valley

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D:+1 212 506 5076
E: sthau@orrick.com

Practice:

Technology & Innovation Sector
Technology Companies Group
Life Sciences & HealthTech
Mergers & Acquisitions
Corporate Governance
Capital Markets

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Stephen Thau Partner

New York; Silicon Valley

Stephen’s practice focuses on the representation of life science, medical device, health IT, and other technology companies in transactional matters, including public and private financings, licensing, collaborations and strategic alliances, and mergers and acquisitions. He also represents venture capital firms in public and private financing transactions.

Stephen is recognized as a Leading Life Sciences Lawyer by LMG Life Sciences in their 2021/2022 rankings and short-listed as Venture Capital Attorney of the Year. He has served as a member of the Board of Tech Council of Maryland, the leading technology and life science association in that state, and of BayBio, Northern California’s leading life sciences association. Stephen is a frequent speaker on venture capital financings and served on the faculty at the 2005 and 2007 Emerging Entrepreneurs workshops at Stanford University.

Prior to joining Orrick, Stephen was a partner at Morrison & Foerster, Venture Law Group and Heller Ehrman. He began his legal practice as a litigator, focusing on securities and intellectual property. He also served as a law clerk to the Hon. Vaughn R. Walker in the United States District Court in the Northern District of California. Stephen graduated Order of the Coif from Stanford Law School, where he was managing editor of the Stanford Law Review, and graduated magna cum laude from Harvard College in Biology.

Christopher Reynolds Senior Associate, Technology Companies Group, Mergers & Acquisitions

Portland

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D:+1 503 943 4874
E: ccreynolds@orrick.com

Practice:

Technology & Innovation Sector
Technology Companies Group
Mergers & Acquisitions

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Christopher Reynolds Senior Associate

Portland

Andrés Yarto Managing Associate

New York

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D:+1 212 506 5000
E: ayarto@orrick.com

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Andrés Yarto Managing Associate

New York

With a deep understanding of the technology landscape, Andres provides strategic counsel to technology companies and venture capital funds. His expertise spans two main areas: those focusing on blockchain, cryptocurrency, NFTs, and web3 technologies and companies operating in Latin America. While these areas don’t have to overlap, Andrés finds it particularly exciting when they do, as it presents unique opportunities for innovation and growth.

Andrés leverages his extensive knowledge, proficiency in both English and Spanish and experience to help clients navigate the complex regulatory environments and market dynamics of these rapidly evolving sectors. His insights are instrumental in guiding companies through funding rounds, structuring their products in a compliant way, strategic partnerships, and compliance challenges, ensuring they are well-positioned for success.