This Clip company profile covers the company's valuation, revenue, funding rounds, investors and history. Clip works in fintech, with a focus on payments for small businesses. It was founded in 2012 and is headquartered in Mexico City, Mexico. Its latest valuation on record is More than US$2.5 billion (reported) (June 2026). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.
Revenue
| Metric | Value | As of | Source |
|---|---|---|---|
| Cash deposit network | Plans to grow from about 28,000 to 100,000 points | June 2026 | Bloomberg Línea |
Funding history
| Date | Round | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Jun 2026 | Late-stage round | US$500M | More than US$2.5B (reported) | Not disclosed pending regulatory approval | Bloomberg Línea |
| Jun 2021 | Series D | US$250M | Approaching US$2B | SoftBank Latin America Fund and Viking Global Investors (leads) | Business Wire |
Clip timeline
Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.
- 2012 — Clip is founded in Mexico City by Adolfo Babatz (CEO).
- Jun 2021 — Series D: US$250M, valuing the company at Approaching US$2B. Investors: SoftBank Latin America Fund and Viking Global Investors (leads).
- Jun 2026 — Late-stage round: US$500M, valuing the company at More than US$2.5B (reported). Investors: Not disclosed pending regulatory approval.
- June 2026 — Cash deposit network: Plans to grow from about 28,000 to 100,000 points.
Investors
Clip is the Mexico City company whose small card readers let shops, market stalls and taxi drivers accept card payments. In June 2026 it was reported to have raised US$500 million at a valuation above US$2.5 billion and launched Mi Clip, a digital wallet built with Ant International, Mastercard and TelevisaUnivision. This profile explains Clip's business, funding, new consumer push and the risks in Mexico's competitive payments market.
Clip's valuation
Bloomberg Línea reported in June 2026 that Clip raised US$500 million from investors at a valuation above US$2.5 billion; the investors were not named because the deal still needed regulatory approval, a point also made by Raising.fi. Because the terms were not formally announced, we label the figure as reported. Clip's previous round, a US$250 million Series D in June 2021 led by SoftBank's Latin America fund and Viking Global Investors, valued it at approaching US$2 billion and made it a unicorn, according to a company release.
What Clip does
Clip started in 2012 with a card reader that plugged into a phone, letting small merchants accept credit and debit cards without the bank terminals and contracts that had shut many out. It now sells a range of point-of-sale devices, online payment links and software, and offers merchant services such as cash advances and business accounts. Its customers are mostly small and medium-sized businesses in a country where cash still dominates everyday spending.
Clip earns a fee on each card payment it processes, plus revenue from devices, financing and other services. Because it serves very small merchants, its value lies partly in simplicity: quick setup, fast access to funds and clear pricing.
Mi Clip: moving into consumer finance
In June 2026 Clip launched Mi Clip, a digital wallet aimed at bringing cash-using consumers and small businesses into the formal financial system, according to Bloomberg Línea and El Español. It was built with Ant International, Mastercard and TelevisaUnivision, which brings media reach. Clip plans to expand its network of places where people can deposit cash, from about 28,000 to 100,000 points, so users can load the wallet with cash at local shops. The new money is earmarked mainly for this consumer push, which puts Clip into competition with banks and fintechs serving individuals as well as merchants.
Founder
Adolfo Babatz founded Clip in 2012 and remains chief executive. He built Clip to address the gap between Mexico's large cash economy and the card networks.
Investors and funding
Clip's backers include SoftBank's Latin America fund, Viking Global and American Express Ventures, and it has raised credit, including from Morgan Stanley Tactical Value, to fund merchant financing. Total equity funding is around US$900 million to US$1 billion including the 2026 round, according to trackers.
Mexico's payments market
Mexico has a large share of small businesses and consumers who rely on cash, which makes it one of the biggest opportunities for digital payments in Latin America. The central bank's CoDi and DiMo systems, the growth of e-commerce and new fintech regulation have encouraged digital adoption. Competition is intense: Mercado Pago, part of MercadoLibre, is the strongest rival in merchant payments and wallets, alongside banks, Spin by OXXO and fintechs such as Klar, Plata and Stori on the consumer side.
Risks
- Competition: Mercado Pago has a large ecosystem and deep pockets.
- Consumer pivot: building a wallet business is costly and different from serving merchants.
- Regulation: the 2026 round needed regulatory approval, and fintech licensing rules in Mexico are strict.
- Credit risk: merchant financing exposes it to small-business defaults.
Questions to ask
- How many active merchants does Clip serve, and what is its payment volume?
- How quickly is Mi Clip gaining users, and how do they fund wallets?
- Is the company profitable?
- Has the 2026 round received regulatory approval and closed?
Timeline in brief
- 2012: founded in Mexico City by Adolfo Babatz.
- June 2021: US$250 million Series D at approaching US$2 billion.
- June 2026: reported US$500 million raise at above US$2.5 billion; Mi Clip wallet launched.
Clip at a glance
Clip is a Mexico City payments company founded in 2012 by Adolfo Babatz that provides card readers, online payments and financial services to small businesses. It became a unicorn with a US$250 million round in 2021 led by SoftBank and Viking Global. In June 2026 it was reported to have raised US$500 million at a valuation above US$2.5 billion and launched the Mi Clip digital wallet with Ant International, Mastercard and TelevisaUnivision.
How Clip serves small merchants
A typical Clip customer is a small business such as a corner shop, a beauty salon, a food stall, a taxi driver or a doctor's office. Many of these businesses previously accepted only cash, because bank card terminals required contracts, monthly fees and paperwork. Clip lets them buy an inexpensive reader or use a phone to accept cards, often with funds deposited quickly into their account. Merchants can also take payments online through links, offer instalment plans to customers and receive working-capital advances based on their sales history.
For merchants, accepting cards can mean more sales, especially from customers who carry little cash, and a record of transactions that can help them access credit. For Clip, each merchant generates fees on every payment and opportunities to sell financial services.
Valuation context
A valuation above US$2.5 billion would make Clip one of Mexico's most valuable private fintechs, alongside consumer lenders and neobanks such as Klar and Plata. The step-up from roughly US$2 billion in 2021 is modest compared with some fintech peers, reflecting the tougher market for payments companies since then and the competition from Mercado Pago. Investors in the 2026 round are effectively betting that Mi Clip can extend the company from merchants to consumers, a bigger market with higher potential revenue per user.
What to watch
Watch for regulatory approval and investor names for the 2026 round, Mi Clip adoption, expansion of cash-deposit points and any IPO plans. See our largest private fintech guide.
Takeaways
Clip built Mexico's best-known independent merchant payments brand and is now betting on consumers. Its success depends on competing with Mercado Pago and turning cash users into digital customers.
Sources
Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.
Frequently asked questions
What does Clip do?
Clip is a fintech / payments for small businesses company headquartered in Mexico City, Mexico. It was founded in 2012.
What is Clip's valuation?
Clip was valued at More than US$2.5 billion (reported) as of June 2026, according to Bloomberg Línea. Private company valuations are set at funding rounds or share sales and can change significantly between them.
How much revenue does Clip make?
Clip is a private company and has not publicly disclosed its revenue. Figures on third-party sites are usually modelled estimates rather than numbers reported by the company.
What was Clip's latest funding round?
The most recent financing we have verified is a late-stage round in Jun 2026: US$500M, at a valuation of More than US$2.5B (reported). Source: Bloomberg Línea.
Who are Clip's investors?
Investors named in public announcements include SoftBank Latin America Fund, Viking Global Investors, American Express Ventures and Morgan Stanley Tactical Value (credit).
Who founded Clip?
Clip was founded in 2012 by Adolfo Babatz (CEO).
Is Clip a public company?
No. Clip is a private company (private, venture backed), so its shares are not traded on a stock exchange and it isn't required to publish its financial results.
Where is Clip headquartered?
Clip is headquartered in Mexico City, Mexico.