Clip, a Mexico City, Mexico- and Buenos Aires, Argentina-based digital payments and commerce enablement platform, raised US$100m in funding.
Backers included investment funds managed by Morgan Stanley Tactical Value and one of the largest, most experienced West-Coast mutual fund managers. The investment values Clip in line with the Series D round completed in 2021.
The company intends to use the new funds to accelerate product development initiatives for further growth.
Founded in 2012 by Adolfo Babatz, CEO, Clip has built a complete portfolio of purpose-built payments, financial services and software solutions for small and mid-sized businesses (SMBs) in Mexico. The company currently offers products and services spanning software and hardware, which enable SMBs to grow their business by accepting digital payments, selling online, obtaining credit and simplifying their operations.
MSTV and the West-Coast mutual fund manager joined Clip’s list of investors which include 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.
FinSMEs
18/06/2024