TLDR:
- Clip, a digital payments and commerce platform based in Mexico and Argentina, raised US$100 million in funding.
- The investment will be used to accelerate product development initiatives for further growth.
In a recent funding round, Clip, a digital payments and commerce enablement platform based in Mexico City and Buenos Aires, secured US$100 million in funding. The investment was led by investment funds managed by Morgan Stanley Tactical Value and a prominent West-Coast mutual fund manager. This new funding round values Clip at the same level as its previous Series D round completed in 2021. The company, founded in 2012 by CEO Adolfo Babatz, focuses on providing purpose-built payments, financial services, and software solutions for small and mid-sized businesses (SMBs) in Mexico. Clip offers a range of products and services including software and hardware that enable SMBs to accept digital payments, sell online, access credit, and streamline their operations.
This funding round saw the addition of Morgan Stanley Tactical Value and the West-Coast mutual fund manager to Clip’s list of investors, which already included General Atlantic, Ribbit Capital, Goldman Sachs, Softbank Latin America Fund, and others. The company plans to use the new funds to accelerate its product development initiatives and drive further growth in the digital payments and commerce space. With its strong investor backing and focus on serving SMBs in Mexico, Clip is poised for continued success in the competitive fintech industry.
