Mexican fintech unicorn Clip lands $100m investment
Mexican digital payments and commerce platform Clip has bagged $100 million from investment funds managed by Morgan Stanley Tactical Value (MSTV), the bank’s non-control private venture division, and from an unnamed West Coast mutual fund manager.
Clip secures $100m from MSTV and fund manager
Clip has earmarked the new funds to drive product development and “expand and strengthen our offerings to empower more stakeholders across Mexico’s economy”, as stated by company founder and CEO, Adolfo Babatz.
Clip says the investment values the company “in line with the Series D round completed in 2021”, when it raised $250 million led by SoftBank Latin America Fund and Viking Global Investors LP at a value of $2 billion.
In an interview with Bloomberg, Babatz reveals that the company is on the “brink of profitability” and is looking to increasing its workforce by around 150 employees in the coming years.
