Payment platform Clip raised a $100M round from Morgan Stanley Tactical Value and an unnamed West Coast investor, at a valuation “in line” with its $250M Series D in 2021. The funding comes after a $50M round in September 2022.
Clip will use the funds to expand its operations and headcount in Mexico, enhance its payment solutions, and convert cash-only merchants to digital payments.
Clip’s commerce and digital payments platform serves merchants with digital and point-of-sale payment solutions, financial services, lending products, and software.
Founded in 2012, Clip has a team of 800 people in Mexico, and its clients include companies like Oxxo, Walmart, and AT&T.
Read more on Yahoo Finance and PR Newswire.
