Félix, an AI-powered WhatsApp remittance platform for Latino immigrants, announced on Tuesday that it has secured $200 million in Series C funding co-led by Andreessen Horowitz and General Catalyst. A16z led an $87 million equity investment, with participation from QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners and Endeavor Catalyst. General Catalyst’s Customer Value Fund committed $113 million in debt to fund Félix’s growth.

Founded in 2020 by Manuel Godoy and Bernardo García, Miami-based Félix has now raised a total of nearly $300 million. It was valued at $484.5 million at the time of its last raise — a $75 million Series B led by QED Investors. The company did not reveal its valuation after its Series C round, saying only it had “increased threefold” since its Series B, which would propel the company to unicorn status.

Félix says it has processed more than $8 billion in transactions to date and grew revenue more than 2.5x in the past year. It connects people in the U.S. with families across 11 Latin American markets including Mexico, Brazil, Costa Rica, Honduras and Peru.