We have another unicorn! The Mexican fintech Clip reaches a…

We have another unicorn! The Mexican fintech Clip reaches a valuation of 2 billion dollars




Mexico has a brand new universe: Clip, the funds firm for small and medium-sized corporations, obtained a capital funding of 250 million {dollars} from the Latin American fund of SoftBank Group and Viking Global Investors. With this injection of funds, the fintech reached a valuation of 2 billion {dollars}.

The clip was based in 2012 and has become standard in Mexico amongst nook shops, avenue distributors, and small companies because of its bank card reader that adapts to smartphones.

Through an announcement, the agency based by Adolfo Babatz and Vilash Poovala, the corporate plans to rent 320 folks within the subsequent 18 months with this funding.

With this valuation, Clip turns into the third Mexican startup to attain a valuation of greater than 1,000 million {dollars} in lower than a yr, after the pre-owned automotive gross sales platform Kavak in October 2020 and the cryptocurrency alternate Bitso in could.




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