Flix Pago Secures $75 Million in Series B Funding
Deal News | Apr 08, 2025 | Orrick
.jpg)
Flix Pago, a leading platform in the cross-border remittance industry, has successfully raised $75 million in a Series B funding round with QED Investors as the lead. This infusion of capital is pivotal for Flix Pago's mission to revolutionize financial services for Latino immigrants in the United States, primarily by employing cutting-edge blockchain and artificial intelligence technologies. Aiming to make cross-border payments more efficient and accessible, the funding will empower Flix Pago to scale its operations and continue to innovate in this sector. Orrick, a respected law firm, represented Flix Pago in this significant deal, with a team led by Stephen Thau. The firm’s expertise will assist Flix Pago in achieving its strategic goals as it moves forward to enhance its technology-driven solutions.
Sectors
- FinTech
- Cross-border Payments
Geography
- United States – The primary market for Flix Pago, focusing on Latino immigrants residing in the US.
- Latin America – The recipient location for remittances facilitated by Flix Pago's platform.
Industry
- FinTech – Flix Pago operates within the FinTech industry by providing a chat-based platform for remittances enhanced by blockchain and AI.
- Cross-border Payments – Flix Pago focuses on cross-border payments, providing financial services to support remittances for Latino immigrants in the US.
Financials
- $75 Million – The amount raised by Flix Pago in a Series B funding round.
Participants
Name | Role | Type | Description |
---|---|---|---|
Flix Pago | Target Company | Company | A fintech company specializing in cross-border payments for Latino immigrants in the US. |
QED Investors | Investor | Company | A private equity firm that led the Series B funding round for Flix Pago. |
Orrick | Legal Advisor | Company | The law firm that provided legal representation to Flix Pago during the funding process. |
Stephen Thau | Lead Attorney | Person | Orrick's attorney who led the team advising Flix Pago. |
Christopher Reynolds | Supporting Attorney | Person | Part of Orrick’s team advising Flix Pago. |
Andrs Yarto | Supporting Attorney | Person | Part of Orrick’s team advising Flix Pago. |
Christina Campisano | Supporting Attorney | Person | Part of Orrick’s team advising Flix Pago. |