- Companies
- Clip
Last Clip valuation
$2.5B
Undisclosed stage · Jun 2026
Last Clip funding round
$500M
Undisclosed stage · Jun 2026
Cumulative funding Clip raised
$993M
across 7 funding rounds
Key investors in Clip
Dalus Capital
SoftBank Group
General Atlantic
Amex Ventures
Angel Ventures
500 Global
About Clip
Clip is a Mexican payments company that supplies card readers and point-of-sale services to small and medium-sized merchants. Merchants accept debit and credit cards on a smartphone or terminal and pay a processing fee on each sale, with instalment options through partner banks. The company has added merchant lending, bill payment and airtime sales, and says payments account for more than 85 percent of its business. It was founded by Adolfo Babatz and Vilash Poovala, both former PayPal employees, and is headquartered in Mexico City. Investors include SoftBank, Viking Global, General Atlantic and American Express Ventures. A USD 250 million round in June 2021 valued it near USD 2 billion, and a USD 500 million round was reported in June 2026 at a valuation above USD 2.5 billion.
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. Read the announcement ↗
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 $993M across 7 funding rounds.
Clip's first fundraising round was a $2M seed round in May 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 (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 | General Atlantic; Dalus Capital; MissionOG | $30M | - | Clip, the Mexican payments company, raised its first Series B round around the start of 2017 from General Atlantic, MissionOG and Alta Ventures Mexico; the round was reported by Mexican business press. Alta Ventures had led the company's earlier USD 8 million Series A in December 2015, and the new money brought Clip's total funding to roughly USD 47.4 million by July 2017. Its total funding was among the largest of any Mexican payments start-up, and Clip was reported alongside Cornershop and Kubo Financiero as one of the country's most promising technology companies. Clip was founded in 2012 by Adolfo Babatz and Vilash Poovala and sells card readers that attach to smartphones and tablets, allowing small merchants who previously accepted only cash to take card payments. The company earns a processing fee on each transaction and was expanding its merchant base across Mexico at the time of the round. |
| Dec 2015 | Series A | Dalus Capital (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. |
| May 2013 | Seed | Accion (lead); Accion Ventures (lead); Dalus Capital (lead); Angel Ventures; Karl Mehta; 500 Global | $2M | - | In May 2013 Clip, a mobile payments start-up serving the Spanish-speaking world, announced a seed round of USD 1.5 million. Investors in the round included 500 Startups, Alta Ventures, ACCION and Karl Mehta, the founder of PlaySpan. The company had previously raised USD 425,000 in private equity and from the UK start-up accelerator Venturelab. Clip sells a small card reader that merchants plug into an iOS or Android device to take card payments through its app, an approach similar to Square. The new money was earmarked for developing its proprietary reader hardware and serving small businesses in Mexico, the wider Latin America and Spanish-speaking customers in the United States. The company was founded in 2012 and is led by co-founder Adolfo Babatz. |
Who has invested in Clip?
15 investors have backed Clip across its funding rounds, including Dalus Capital, SoftBank Group, General Atlantic, Amex Ventures, Angel Ventures and 500 Global.
Lead investors include Morgan Stanley, SoftBank Group, Viking Global Investors, General Atlantic, Dalus Capital and 2 other investors.
Clip Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | May 2013 | ||
| 2 | Lead | May 2019 | ||
| 2 | Participant | May 2013 | ||
| 2 | Participant | Dec 2015 | ||
| 2 | Lead | Jul 2017 | ||
| 1 | Lead | May 2013 | ||
| 1 | Participant | Dec 2015 | ||
| 1 | Participant | Dec 2015 | ||
| 1 | Participant | May 2013 | ||
| 1 | Lead | Jun 2024 | ||
| 1 | Lead | Jun 2021 | ||
| 1 | Participant | Dec 2015 | ||
| 1 | Lead | May 2013 | ||
This data is available for Pro users. Sign up to see all 15 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 TrialAcquisitions by Clip
Clip has acquired 1 company to date.
Last acquisition by Clip was on October 28th 2026. Clip acquired Pulpos for undisclosed valuation.
Latest Acquisitions by Clip
| Description | Pulpos is a technology platform offering financial services and inventory management tools for independent retailers. The Mexico-based company provides payment processing, credit access, and analytics to optimize operations. Founded in 2022, Pulpos targets small merchants in Latin America with integrated POS systems. |
| HQ Country | |
| HQ City | Guadalajara |
| Deal Date | 28 Oct 2026 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Clip acquisitions and their M&A valuation multiples. Start Free Trial | |
Clip 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 | $2.4B | 2.9x | ||
| Private | $40M | - | $2.1B | 52.5x | ||
| Private | - | - | $3B | - | ||
| Private | $51M | - | $1.7B | - | ||
| Publicly listed | $1.2B | $117M | $4.1B | 2.7x | ||
| Private | $225M | - | $1.5B | 6.7x |
Clip Public Comps
Clip is still privately-owned, but its public comps include Flywire, Payoneer, Euronet Worldwide, Lakala, PagSeguro, Evertec, Pine Labs, Shift4 Payments, StoneCo and Kakao Pay.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $623M | $45M | 3.4x | 2.9x | 47.1x | 12.9x | |||
| $821M | ($43M) | 2.6x | 2.0x | (50.0x) | 7.5x | |||
| $4.2B | $648M | 0.7x | 0.6x | 4.4x | 3.9x | |||
| $834M | $220M | 1.1x | 1.0x | 4.3x | 8.4x | |||
| $3.8B | $1.6B | 2.6x | 2.6x | 6.2x | 12.2x | |||
| $932M | $330M | 3.2x | 2.8x | 9.2x | 7.2x | |||
| $252M | $14M | 3.4x | 2.7x | 62.4x | 13.5x | |||
| $4.2B | $758M | 1.8x | 3.1x | 9.9x | 6.7x | |||
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 $993M across 7 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 Dalus Capital, SoftBank Group, Angel Ventures, Amex Ventures, General Atlantic, Accion, Sierra Ventures, Endeavor Catalyst, Karl Mehta, Morgan Stanley and 5 others. |
| Which companies are comparable to Clip? | Companies comparable to Clip include Flywire, Jeeves, Grab Financial Group, Viva Wallet, Paymentus and Tide. |
| How many companies has Clip acquired? | Clip has acquired 1 company, including Pulpos. |
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