Fintech
Mexican FinTech unicorn Clip secures $100 million investment
By Gloria Mattia
Today
- Clip. Mexican FinTech
- Commercial payments
- Digital payments
Clips, digital payments and commerce enablement in Mexico platform, secured a $100 million investment round from funds managed by Morgan Stanley Tactical Value (MSTV) and West Coast mutual fund managers. Investment values are in line with the Series D round completed in 2021.
Since its inception in 2012, Clip has created a comprehensive portfolio of purpose-built products paymentsfinancial services and software solutions for small and medium-sized businesses (SMEs) in Mexico, becoming the digital payments and commerce enablement platform for merchants.
Clip currently offers products and services spanning software and hardware that enable SMBs to grow their business by accepting digital payments, selling online, obtaining credit and streamlining their operations. Clip intends to leverage the new funding to accelerate product development initiatives for further growth in support of its mission to advance financial inclusion in Mexico through innovative technology solutions.
“The investment from these two world-renowned investors is a testament to Clip’s opportunity to continue leading the digital transformation of Mexico’s commerce ecosystem and, more broadly, provides further validation of our mission to open access to payments digital, financial services and technological solutions to all SMEs in the country,” he said Adolfo Babatz, founder and CEO of Clip.
Pedro Teixeira, CEO and co-head of MSTV said: “We are excited to begin our partnership with Clip after following the company for several years. Clip is a pioneer in leveraging new technologies to advance financial inclusion in Mexico. We are pleased to partner with Adolfo and the Clip team to support the rapid and strategic growth of the business. Clip boasts a deeply experienced and passionate management team, a unique culture focused on delivering a differentiated customer experience, and a strong track record of performance. We look forward to his continued momentum in democratizing payments.”
MSTV and the West Coast mutual fund manager join Clip’s roster of investors, which includes General Atlantic, Ribbit Capital, Goldman Sachs, Softbank Latin America Fund, Viking Global Investors, Dalus Capital, Banorte, Televisa, Visa, Amex Ventures, Angel Ventures Mexico and Endeavor Catalyst, among others.