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Crypto VC funding: Félix lands $200M, Cari raises $32.5M
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Sep 05, 2026
Crypto and blockchain companies disclosed $292.35 million across 10 funding deals between Aug. 31 and Sep. 5, 2026. Félix led the week with a $200 million financing package that combined equity and debt, while bank-backed digital money network Cari secured $32.5 million.
OpenReserve and Diameter Pay also attracted funding for regulated banking and stablecoin payment infrastructure. The weekly total includes Félix’s $113 million credit facility and therefore represents disclosed financing rather than pure venture capital.
Data from DeFiLlama’s crypto raises database, CryptoRank, and company announcements showed that investors concentrated most of the week’s capital in stablecoin payments, remittances and tokenized banking infrastructure. The total excludes acquisitions and unconfirmed reports, including Polymarket’s reported $1 billion round.
Félix secures $200 million for stablecoin remittances
Miami-based Félix secured $200 million in Series C financing to expand its WhatsApp-based financial platform for Latino customers in the United States.
The package included an $87 million equity investment led by Andreessen Horowitz. QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners, and Endeavor Catalyst also participated.
General Catalyst’s Customer Value Fund separately committed to a $113 million credit facility. Félix plans to expand beyond remittances into savings, lending and AI-supported financial services.
The company uses USDC on Stellar to help settle cross-border transfers and works with Bitso to move funds between digital assets and local currencies. Félix said it has processed more than $8 billion in transactions across 11 Latin American markets and served more than six million people.
The financing brought the company’s total capital raised to nearly $300 million. Félix did not disclose its latest valuation, although it said the figure had tripled since its $75 million Series B in 2025.
Cari raises $32.5 million from U.S. banks
Washington, D.C.-based Cari raised $32.5 million in the first tranche of its initial external funding round. All of the capital came from banking institutions.
First Horizon Bank, Huntington Bank, KeyBank, M&T Bank, Old National Bank, SouthState Bank and Glacier Bank participated in the financing.
Cari is developing a bank-governed network that allows chartered institutions to issue and transfer tokenized commercial bank deposits. Its permissioned Layer 2 network is anchored to Ethereum, while participating banks remain responsible for issuing and managing their own deposits.
The company said the funds would support product development, bank onboarding, and network integration. Cari has signed 30 banks and is holding discussions with another 40 institutions, according to its announcement.
Unlike stablecoins backed by separate reserve assets, tokenized deposits represent liabilities of the banks that issue them. Cari’s structure is designed to let regional and community banks use programmable payment rails without handing control of deposits to nonbank issuers.
Source>> Crypto VC funding: Félix lands $200M, Cari raises $32.5M
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