Mexican FinTech unicorn Clip secures $100m investment

By Gloria Mathias

Clip, Mexico’s digital payments and commerce enablement platform, has secured a $100 million investment round from funds managed by Morgan Stanley Tactical Value (MSTV) and West Coast mutual fund managers. The investment values are in line with the Series D round completed in 2021.

Since its inception in 2012, Clip has built a complete portfolio of purpose-built payments, financial services and software solutions for small and mid-sized businesses (SMBs) 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 businesses by accepting digital payments, selling online, obtaining credit and simplifying their operations. Clip intends to leverage the new funds to accelerate product development initiatives for further growth in support of its mission to drive financial inclusion in Mexico through innovative technology solutions.

“The investment from these two globally renowned investors is a testament to Clip’s opportunity to continue to lead the digital transformation of Mexico’s commerce ecosystem and, more broadly, provides even further validation of our mission to open access to digital payments, financial services and technology solutions to all SMBs in the country,” said Adolfo Babatz, Clip’s Founder and CEO.

Pedro Teixeira, Managing Director 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 drive financial inclusion in Mexico. We are delighted to partner with Adolfo and the Clip team to support the rapid, strategic growth of the business. Clip has 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 its continued momentum in democratizing payments.”

MSTV and the West-Coast mutual fund manager join Clip’s list 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.