Payments Provider Clip Reports $100 Million in Funding

Mexican payments platform Clip has announced $100 million in funding provided by funds managed by Morgan Stanley Tactical Value. The Fintech said the valuation was “in line” with its Series D funding round.

Adolfo Babatz, Clip’s Founder and CEO, said the money represents the validation of their mission, leading the transformation of digital payments in Mexico.

“We are excited to leverage this financing round to continue to expand and strengthen our offerings to empower more stakeholders across Mexico’s economy.”

Clip claims the title as Mexico’s largest digital payments and commerce enablement platform.

Clip said the capital infusion would be utilized for product development and to drive its goal of financial inclusion.

Pedro Teixeira, Managing Director and co-Head of MSTV, said Clip is a pioneer in using tech for financial inclusion.

“We look forward to its continued momentum in democratizing payments.”

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