The Latin American fintech raised $87 million in equity and secured a $113 million credit facility from General Catalyst, but the widely cited valuation figure traces back to the company's own announcement, not an independent source.
Félix Pago raised $87 million in an equity round led by a16z and General Catalyst, alongside a separate $113 million credit facility from General Catalyst's Customer Value Fund. Crunchbase News, citing the round's terms, put the company's valuation at $1.4 billion.
That figure is a company-linked claim, implied by the new financing as interpreted by Crunchbase, rather than an independently audited valuation. The round's mechanics, including the size of the equity tranche, the credit facility and the named investors, are corroborated across several independent outlets. The valuation figure specifically hasn't been corroborated beyond that reporting chain.