Flix Pago Secures $75 Million in Series B Funding

Deal News | Apr 08, 2025 | Orrick

Flix Pago Secures $75 Million in Series B Funding

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

NameRoleTypeDescription
Flix PagoTarget CompanyCompanyA fintech company specializing in cross-border payments for Latino immigrants in the US.
QED InvestorsInvestorCompanyA private equity firm that led the Series B funding round for Flix Pago.
OrrickLegal AdvisorCompanyThe law firm that provided legal representation to Flix Pago during the funding process.
Stephen ThauLead AttorneyPersonOrrick's attorney who led the team advising Flix Pago.
Christopher ReynoldsSupporting AttorneyPersonPart of Orrick’s team advising Flix Pago.
Andrs YartoSupporting AttorneyPersonPart of Orrick’s team advising Flix Pago.
Christina CampisanoSupporting AttorneyPersonPart of Orrick’s team advising Flix Pago.