- Companies
- Clip
Last Clip valuation
$2.5B
Undisclosed stage · Jun 2026
Last Clip funding round
$500M
Undisclosed stage · Jun 2026
Cumulative funding Clip raised
$983M
across 8 funding rounds
Key investors in Clip
Amex Ventures
SoftBank Group
Angel Ventures
Alta Ventures Mexico
500 Global
Endeavor Catalyst
About Clip
Clip is a Mexico City-headquartered digital payments and commerce platform that provides card readers, point-of-sale systems, and integrated financial services to small and medium-sized businesses across Mexico. Founded in 2012 by Adolfo Babatz, the company became Mexico's first payments unicorn in 2021 following a $250 million investment led by SoftBank Latin America Fund and Viking Global Investors, and counts General Atlantic, Ribbit Capital, Goldman Sachs, Banorte, and Amex Ventures among its backers. Its product range spans portable mPOS terminals (including Clip Mini, Clip Pro, and Clip Ultra), card-not-present payment acceptance, inventory and e-commerce software, and merchant financial services delivered under an Institution of Electronic Payment Funds (IFPE) license. Clip employs more than 900 people across offices in Mexico City, Guadalajara, Salt Lake City, Miami, and Buenos Aires.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission
Valuation
$2.5B (Jun 2026)
Clip Valuation
Clip is currently valued at $2.5B, based on its undisclosed-stage round in June 2026.
Clip's valuation has grown 6.3x from $400M at its Series C in May 2019 to $2.5B in June 2026, across 4 priced rounds.
Clip valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2026 | Undisclosed stage | $2.5B |
| Jun 2024 | Undisclosed stage | $2B |
| Jun 2021 | Series D | $2B |
| May 2019 | Series C | $400M |
Clip Funding History
Clip has raised a total of $983M across 8 funding rounds.
Clip's first fundraising round was a $2M seed round in July 2013. The most recent completed round was a $500M undisclosed-stage round in June 2026.
Clip funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Undisclosed stage | - | $500M | $2.5B | Clip (clip.mx / payclip.com), the Mexican payments fintech, raised $500 million in a major funding round. This raise pushed the company's valuation past $2.5 billion.The funds are earmarked to launch a new digital wallet (Mi Clip) to bring unbanked Mexican consumers and small businesses into the formal financial system. The new platform is built in partnership with Ant International, Mastercard, and TelevisaUnivision. |
| Jun 2024 | Undisclosed stage | Morgan Stanley Tactical Value (lead) | $100M | $2B | Clip is Mexico's leading digital payments and commerce enablement platform, serving small and medium-sized businesses (SMBs) by providing payment solutions, financial services, and technology enablement across the country's commerce ecosystem. The company operates a POS payments platform focused on driving financial inclusion and digital transformation in Mexico. On June 19, 2024, Clip announced a $100 million investment round from investment funds managed by Morgan Stanley Tactical Value (MSTV) and an undisclosed West Coast mutual fund manager. The investment maintained Clip's valuation at $2 billion, consistent with its Series D round completed in 2021. Adolfo Babatz, Clip's Founder and CEO, stated the funding would be used to accelerate product development initiatives and expand the company's offerings to empower more stakeholders across Mexico's economy. Morgan Stanley's Pedro Teixeira emphasized Clip's pioneering role in leveraging technology for financial inclusion and highlighted the company's experienced management team and strong track record of performance. Clip's investor base includes prominent firms such as General Atlantic, Ribbit Capital, Goldman Sachs, and Softbank Latin America Fund, underscoring its position as a leading fintech unicorn in the region. |
| Jun 2021 | Series D | SoftBank Group (lead); Viking Global Investors (lead) | $250M | $2B | Clip is a Mexican fintech company providing payment processing and commerce solutions for businesses, positioning itself as Mexico's operating platform for commerce. On June 10, 2021, Clip raised $250M in a Series D round led by SoftBank Latin America Fund and Viking Global Investors, achieving a post-money valuation of $2B. This round brought Clip's total funding to over $500M at the time, with participation from multiple prominent investors. The funding was aimed at expanding Clip's presence in Mexico and fulfilling its vision to serve every business in the country. Clip had previously raised in Series C and earlier rounds, building towards unicorn status with this valuation milestone. Clip continued growth post-round, securing additional funding including a $100M Series E in June 2024 from investors like General Atlantic, Goldman Sachs, and Visa, and a $50M line of credit in 2022 from HSBC, J.P. Morgan, and Morgan Stanley. The company has raised over $547M total across 13 rounds as of 2024, operating in the competitive Latin American fintech payments market. |
| May 2019 | Series C | General Atlantic (lead); SoftBank Group; Amex Ventures | $104M | $400M | Clip is a Mexico-based digital payment services provider founded in 2012 that sells payment card readers attachable to mobile devices, enabling businesses to process multiple payment methods. The company's platform supports small business owners and merchants transitioning to digital payments in Mexico. In mid-2019, Clip raised approximately $100 million in a funding round led by General Atlantic and SoftBank's Latin America-focused SoftBank Innovation Fund, with the round valuing the company at $350 million to $400 million. American Express Ventures, which had invested in Clip's 2016 Series A round, also participated. The company has since continued to raise capital, including a subsequent $250 million round in which SoftBank and Viking Global Investors co-led the financing at a valuation near $2 billion, demonstrating strong investor confidence in the company's growth trajectory. Clip operates in the fintech space focused on democratizing payment acceptance for underserved merchant segments in Latin America, particularly Mexico. |
| Jul 2017 | Series B | Amex Ventures | $15M | - | - |
| Dec 2015 | Series A | Alta Ventures Mexico (lead); Angel Ventures; Amex Ventures; Sierra Ventures; Endeavor Catalyst; Mexico Ventures | $8M | - | Clip, a Mexico-based payment processing service founded in 2012, raised $8 million in Series A funding. The round was led by Alta Ventures Mexico, with participation from American Express Ventures, Sierra Ventures, Angel Ventures Mexico, Mexico Ventures, and Endeavor Catalyst. The funding aimed to strengthen Clip's market position in Mexico, where it provides technology enabling small merchants to accept card payments using smartphones and tablets as terminals. Rohit Bodas from American Express Ventures and Mark Fernandes from Sierra Ventures joined Clip’s board as observers. |
| Jul 2014 | Series A | - | $5M | - | - |
| Jul 2013 | Seed | Accion (lead); Accion Ventures (lead); Alta Ventures Mexico (lead); Angel Ventures; Karl Mehta; 500 Global | $2M | - | - |
Who has invested in Clip?
14 investors have backed Clip across its funding rounds, including Amex Ventures, SoftBank Group, Angel Ventures, Alta Ventures Mexico, 500 Global and Endeavor Catalyst.
Lead investors include Morgan Stanley Tactical Value, SoftBank Group, Viking Global Investors, General Atlantic, Alta Ventures Mexico and 2 other investors.
Clip Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Dec 2015 | ||
| 2 | Lead | May 2019 | ||
| 2 | Participant | Jul 2013 | ||
| 2 | Lead | Jul 2013 | ||
| 1 | Lead | Jul 2013 | ||
| 1 | Participant | Dec 2015 | ||
| 1 | Lead | Jun 2024 | ||
| 1 | Lead | May 2019 | ||
| 1 | Participant | Dec 2015 | ||
| 1 | Participant | Jul 2013 | ||
| 1 | Lead | Jun 2021 | ||
| 1 | Participant | Dec 2015 | ||
This data is available for Pro users. Sign up to see all 14 Clip investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialClip Competitors
Clip competitors include listed companies like Flywire and Paymentus, and private ones like Jeeves, Grab Financial Group, Viva Wallet and Tide.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $623M | $45M | $2.2B | 2.6x | ||
| Private | $40M | - | $2.1B | 52.5x | ||
| Private | - | - | $3B | - | ||
| Private | $51M | - | $1.7B | - | ||
| Private | $225M | - | $1.5B | 6.7x | ||
| Publicly listed | $1.2B | $117M | $4.6B | 3.0x |
Clip Public Comps
Clip is still privately-owned, but its public comps include Euronet Worldwide, Payoneer, Lakala, PagSeguro, StoneCo, Pine Labs, Flywire, Shift4 Payments, Evertec and Fawry.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.2B | $648M | 0.7x | 0.7x | 4.9x | 4.2x | |||
| $821M | ($43M) | 2.6x | 2.0x | (49.7x) | 7.5x | |||
| $827M | $218M | 1.8x | 1.6x | 6.7x | 12.8x | |||
| $4B | $1.7B | 2.6x | 2.6x | 6.1x | 12.2x | |||
| $2.6B | $965M | 1.3x | 1.2x | 3.6x | 2.2x | |||
| $250M | $14M | 8.0x | 6.4x | 145.8x | 32.6x | |||
| $623M | $45M | 3.0x | 2.6x | 41.8x | 11.9x | |||
| $4.2B | $758M | 1.8x | 3.2x | 10.0x | 6.9x | |||
This data is available for Pro users. Sign up to see all Clip competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Clip
| When was Clip founded? | Clip was founded in 2012. |
| Where is Clip headquartered? | Clip is headquartered in Mexico City, Mexico. |
| Is Clip publicly listed? | No, Clip is a private, VC-backed company. |
| What is Clip's valuation? | Clip was last valued at $2.5B in its undisclosed-stage round in June 2026. |
| How much funding has Clip raised? | Clip has raised $983M across 8 funding rounds. |
| What was Clip's last funding round? | Clip's last funding round was a $500M undisclosed-stage round in June 2026. |
| Who are Clip's investors? | Clip's investors include Amex Ventures, SoftBank Group, Angel Ventures, Alta Ventures Mexico, Accion, Sierra Ventures, Morgan Stanley Tactical Value, General Atlantic, Endeavor Catalyst, Karl Mehta and 4 others. |
| Which companies are comparable to Clip? | Companies comparable to Clip include Flywire, Jeeves, Grab Financial Group, Viva Wallet, Tide and Paymentus. |
See companies similar to Clip
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