About Clip
Clip is a company based in Mexico City (Mexico) founded in 2012.. Clip has raised $502.15 million across 13 funding rounds from investors including HSBC, J P Morgan and Morgan Stanley. Clip offers products and services including Clip Pro 2, Clip Plus 2, and Clip Total 2. Clip operates in a competitive market with competitors including Square, SpotOn, Ezetap, Billpocket and KiWi, among others.
- Headquarter Mexico City, Mexico
- Stage Unicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Payclip, S. De R.L. De C.V.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$502.15 M (USD)
in 13 rounds
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Latest Funding Round
$100 M (USD), Series D
Jun 18, 2024
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Investors
HSBC
& 16 more
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Employee Count
Employee Count
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Products & Services of Clip
Clip offers a comprehensive portfolio of products and services, including Clip Pro 2, Clip Plus 2, and Clip Total 2. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Portable device for accepting payments and transactions anywhere.
Reader for businesses to process card payments efficiently.
Mobile system for handling various payment methods securely.
Funding Insights of Clip
Clip has successfully raised a total of $502.15M across 13 strategic funding rounds. The most recent funding activity was a Series D round of $100 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Series D — $100.0M
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First Round
First Round
(01 Mar 2013)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series D - Clip | Valuation | Morgan Stanley |
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| Sep, 2022 | Amount | Debt – Conventional - Clip | Valuation |
investors |
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| Jun, 2021 | Amount | Series D - Clip | Valuation | SoftBank Latin America Fund , Viking Global Investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Clip
Clip has secured backing from 17 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include HSBC, J P Morgan and Morgan Stanley. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital is invested in multiple sectors by the fund.
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Founded Year | Domain | Location | |
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Private investment firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Private equity fund focused on global markets
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Clip
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Clip
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Clip Comparisons
Competitors of Clip
Clip operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Square, SpotOn, Ezetap, Billpocket and KiWi, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Provider of cloud-based POS software solutions for businesses and service providers
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| domain | founded_year | HQ Location |
Cloud-based mPOS software and hardware solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Hardware-based POS terminals are supplied to merchants for card payments.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Clip
Frequently Asked Questions about Clip
When was Clip founded?
Clip was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Clip located?
Clip is headquartered in Mexico City, Mexico.
Is Clip a funded company?
Clip is a funded company, having raised a total of $502.15M across 13 funding rounds to date. The company's 1st funding round was a Series D of $250M, raised on Mar 01, 2013.
What does Clip do?
Clip was founded in 2012 in Mexico City, Mexico, focusing on the fintech sector for retail payments. Point-of-sale solutions are offered to offline retailers, enabling transactions on customer smartphones or tablets through a clip card reader. Secured processing is ensured with clip lock features, and a system for multiple installment payments is available to merchants. The platform operates via applications on Android and iOS.
What products or services does Clip offer?
Clip offers Clip Pro 2, Clip Plus 2, and Clip Total 2.
Who are Clip's investors?
Clip has 17 investors. Key investors include HSBC, J P Morgan, Morgan Stanley, SoftBank Group, and General Atlantic.
What is Clip's valuation?
The valuation of Clip is $2B as of Jun 2021.
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