Coda Valuation, Funding & Investors

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.

OnePay is a financial mobile app providing banking, fintech solutions, online payments, cash transactions, and digital wallet services based in Ho Chi Minh City, Vietnam. The app supports transfers, bill payments, and QR code scanning for merchants. OnePay serves consumers and businesses in Southeast Asia with integrated financial tools.

Euronet Worldwide Inc is a provider of electronic financial transaction solutions. It offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers. The company's product offerings include comprehensive ATM, POS, card outsourcing, card issuing and merchant acquiring services, software solutions, money transfer services, etc. Its reportable operating segments are EFT Processing, epay, and Money Transfer. Maximum revenue is derived from its Money Transfer segment, which provides money transfer services across the world under the brand names Ria, AFEX, IME, and xe. Geographically, the company generates maximum revenue from the United States, followed by Germany, India, France, Greece, and other regions.

Payoneer Global Inc is a financial technology company purpose-built to enable the world’s small and medium-sized businesses (SMB(s)) to grow and operate their businesses around the world by reliably and securely connecting them to the digital economy. The company started to empower commerce by connecting businesses, professionals, countries, and currencies with its diversified cross-border payments platform.

Teya is a London-headquartered payments provider for SMEs across Europe, formerly known as SaltPay. The company processes card transactions, offers POS hardware, loyalty programs, and cash advances to over 300,000 merchants in the UK, Spain, Italy, and Germany. Teya integrates with accounting software like Xero and QuickBooks for automated invoicing. Its gateway supports online and in-store payments with 3D Secure fraud prevention and dynamic currency conversion.

Fintiv is an Austin-headquartered technology firm offering white-label mobile financial services for unbanked consumers in emerging markets. Its suite includes mobile payments, bill pay, mLoyalty rewards, mVault for B2B remittances, and MoTEAF integration platform. The company serves mobile network operators, retailers, and governments in Mexico, Central America, the Caribbean, Middle East, Southeast Asia, and Africa. Founded in 2008, Fintiv processes millions of transactions monthly across web and app channels.

Lakala payment Co Ltd is a third-party payment company in China. It provides personal payment, merchant payment, credit reporting and other business including online and offline" by means of hardware and software.

PagSeguro Digital Ltd is a Brazilian-based company that acts as a provider of financial technology solutions focused on Micro-Merchants, Small Companies and Medium-Sized Companies (SMEs), in Brazil. The company provides a range of solutions and tools such as cash-in and cash-out options and provides access to working capital to help to manage its cash flow. It delivers an end-to-end digital ecosystem to address day-to-day financial needs, including receiving and spending funds and managing and growing businesses for clients. The company also offers the Free PagSeguro Digital Account delivering Cash-In Solutions, Online and In-Person Payment Tools, Online Payment Tools; and Web Check Outs offer tokenization, handling of shipping information, and others.

Naver Financial Corp. is a financial technology subsidiary of Naver Corporation that delivers digital payment, lending, insurance, securities trading, and real estate services across South Korea. It operates Naver Pay, a mobile wallet integrated with over 3 million offline merchants and major banks like Shinhan and KB Financial Group. The company provides Line Pay in Japan through its partnership with Line Corporation and offers tools such as interest-bearing savings accounts, peer-to-peer transfers, and unlisted stock marketplaces. Headquartered in Seongnam, South Korea, Naver Financial Corp. supports small businesses with low-fee payment terminals that handle coupons, reviews, and loyalty points while expanding insurance comparisons for auto and travel policies.

StoneCo Ltd is a provider of financial technology solutions. It serves MSMBs solutions, at fair prices, and provides the customer experience to help them manage their businesses and sell more. Its Stone Business Model combines end-to-end, cloud-based technology platforms; differentiated hyper-local and integrated distribution approaches; and white-glove, on-demand customer service. It has two segments Financial Services segment, which includes payments solutions, digital banking, credit, insurance solutions as well as the registry business. In the Software segment solution includes POS/ERP, TEF and QR Code gateways, reconciliation, CRM, OMS, e-commerce platform, engagement tool, ads solution, and marketplace hub. It generates the majority of its revenue from the Financial Services segment.

OPay is a Lagos-headquartered mobile money platform operating in Nigeria and Egypt. The app facilitates peer-to-peer transfers, bill payments, ride-hailing, and grocery delivery backed by Opera Software. OPay issues virtual debit cards and offers microloans through its wallet, integrated with POS terminals nationwide. The service powers merchant QR payments and airtime top-ups for underserved populations.

Pine Labs Ltd is a technology company digitizing commerce for merchants, brands, enterprises, and financial institutions. It operates two segments: Digital Infrastructure and Transaction Platform, which contributes the majority of its revenue through in-store and online payments, affordability, value-added services, and transaction processing; and Issuing and Acquiring Platform, providing prepaid, loyalty, rewards, and card issuing and acquiring solutions. Its offerings include UPI and payment gateway services, gift cards, card management, and fintech infrastructure. Pine Labs serves banks, corporates, government, fintech, e-commerce, and startups across multiple industries, enabling customer acquisition, onboarding, expense management, rewards, refunds, and embedded bill payments.

Flywire Corp provides a secure payment platform, offering its clients a streamlined process to receive reconciled domestic and international payments more cost-effectively and efficiently. The company's solutions are built on three core elements, namely a payments platform, a proprietary payment network, and vertical-specific software backed by its deep industry expertise. Geographically, the majority of revenue is from the Americas.

China UnionPay Merchant Services is a Shanghai-headquartered subsidiary of China UnionPay launched in 2002 that processes nationwide payments for UnionPay-branded cards. It delivers acquiring services, POS terminal management, and settlement solutions to merchants and financial institutions across China.

CloudWalk is a São Paulo-headquartered financial technology platform that operates InfinitePay for payment terminals and Jim.com for digital banking services across Brazil. The company delivers point-of-sale devices, digital wallets, loans, and e-commerce tools powered by artificial intelligence to serve over 1 million small businesses and individuals. CloudWalk processes billions in transactions annually through its payment gateway and offers instant credit lines based on transaction data analysis. Founded in 2019, it has expanded to Mexico and Colombia, partnering with major retailers and banks to facilitate cashless payments in underserved markets. The platform's AI-driven fraud detection and dynamic pricing models enhance operational efficiency for merchants handling daily sales volumes.

Jeeves is a New York-headquartered global financial platform providing corporate cards, bill payments, expense management, and AI-driven accounting automation. Launched in 2019, it supports businesses in Brazil, Colombia, North America, and EMEA with tools for multi-currency transactions, serving clients like H&M, Burger King, and Nubank.

Grab Financial Group is the fintech arm of Grab offering payments, lending, insurance, and rewards across Southeast Asia. Headquartered in Singapore, it provides GrabPay digital wallet for in-store purchases, peer-to-peer transfers, and merchant POS systems. Since 2016, it serves 25 million monthly users in eight countries including Indonesia, Malaysia, and Thailand with microloans via GrabFinance and policies through GrabInsure.

Aleph Group is a global infrastructure provider accelerating digital advertising and fintech in over 130 high-growth markets. Operating from 90 offices with exclusive partnerships to more than 55 platforms like Google and Meta, it integrates media and payments for compliant transactions. Its Digital Ad Expert program, endorsed by UNESCO, has trained 850,000 learners across 140 countries since inception.