SoftBank invests 250 million dollars in the Mexican startup Clip - Start Up Gazzete
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SoftBank invests 250 million dollars in the Mexican startup Clip


PayClip (Clip), a Mexican digital payments fintech, became the fourth “unicorn” in that country and the first in that branch of business with a valuation close to $ 2 billion after its recent Series D financing round. Therefore, SoftBank Latin America Fund announced a joint investment with the American Viking Global Investors in the startup for an amount of 250 million dollars. The investment is the highest registered in this sector in Mexico.

Mijares, Angoitia, Cortés y Fuentes (Mexico City) assisted the fund of the Japanese group in this operation, which was signed on June 11.

Creel, García-Cuéllar, Aiza and Enríquez advised the target company.

It turns out that McDermott Will & Emery and GarcíaMingo & Tejedo also participated in the negotiation, but at the time of publishing this note the firms did not respond to our requests for information.


It is not the first time that SoftBank has invested in Clip, at the beginning of 2019 it contributed 20 million dollars in a round in which the Mexican startup raised a total of 100 million dollars.

“Clip was the SoftBank Latin America Fund’s first investment and since then we have grown together in the region. We remain aligned with our optimism about the potential of technology and entrepreneurship, and excited about the opportunity to expand our partnership,” the fund said. . The startup reported that it will allocate the resources obtained to continue working to democratize payments in Mexico and promote the growth of the platform’s ecosystem, now awaiting the approval of the transaction.

In May of this year, SoftBank announced investment agreements with Grupo Bursátil Méxicano (GBM) and WeWork.

Founded in 2012, Clip takes advantage of technology and artificial intelligence to offer financial solutions to the commercial sector and to small and medium-sized companies, so that they can use the available means of payment in a matter of minutes. The company, which is present in Mexico, Argentina and the United States, has also received capital injection from General Atlantic, Ribbit Capital, Goldman Sachs, Dalus Capital, Banorte and Amex Ventures, among others. Clip also offers online financing based on number of transactions and billing as a way to support its clients’ businesses.

Author avatar
Joshua Smith

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