Miami-based Felix Pago has secured $200 million in a follow-on funding round to expand beyond remittances into financial services like lending and savings for Latin American immigrants. The company, which has processed transactions for over 6 million people across 11 countries, plans to use the capital to enter new markets such as Brazil and Venezuela and develop an AI assistant for financial decision-making. This funding aims to build a "Goldman Sachs-style experience" for an underserved demographic, capitalizing on the shift from cash to digital money transfers in the $160 billion Latin American remittance market.