The Mexican digital payments and e-commerce platform Clip has announced that it has raised $100 million in financing.
The mentioned financing is provided by investment funds managed by Morgan Stanley Tactical Value, and from one of the largest, most experienced West Coast mutual fund managers. The relevant information is contained in the Clip press release, which was published on Tuesday, June 18.
The company intends to use the received investment funds to accelerate the development of its products. The mission of the firm is to expand access to financial services in Mexico.
Clip was founded in 2012. Since then, the company has formed a complete portfolio of purpose-built payments, financial services, and software solutions for small and medium-sized businesses in Mexico. The Clip platform has become the largest in the mentioned country for making virtual payment transactions and a commerce enablement platform for merchants served
The company offers consumers software and hardware products and services that let small and medium-sized businesses accept digital payments, obtain credits, and make online sales.
Adolfo Babatz, Clip’s founder and CEO, says that the investments received are evidence that the firm continues to lead the digital transformation of Mexico’s commerce ecosystem. Also in this context, it was noted that the specified financing states the importance of the company’s mission to open access to virtual payment transactions, financial services, and technological solutions for all brands of small and medium-sized businesses in the country.
As we have reported earlier, Fintech Zilch Taps Deutsche Bank to Raise ￡100 Million Debt.
Serhii Mikhailov
Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.
