Clip the Mexican Mobile Payment Service Raises $8M

Mobile payments provider Clip has raised $8 million in a recent funding round led by local firm Alta Ventures and including new backers American Express and Sierra Ventures.

As per company announcements, the recently generated fund, which was also backed by Angel Ventures Mexico, Mexico Ventures and Endeavor Catalyst, will be used to further domestic expansion.

clip-the-mexican-mobile-payment-service-raises-8m

The Mexican based Clips offers general consumers and small businesses to accept payments via a card reader attached to an Android or iOS device. It works exactly like Square does for the US market.

Clip is most suitable for small businesses selling in store as well as the delivery services. It accepts all major credit cards and debit cards and requires a n android smartphone or tablet only to run operations using a WiFi, 4G or LTE connection!

If you enjoyed this post, please consider sharing the word!

You might also like

Zone Access Technologies Raises $0.5 Million Recently
Zone Access Technologies, a low cost broadband for buildings receives $500,000 in a recent round of funding. As...
INGELIANCE Raises $5.3M in Most Recent Funding Round
INGELIANCE a technology  firm based in Angoulême, Poitou-Charentes has recently raised$5.3M from Arkea...
LISNR Raises $10 Million in a Series B Round
Smart tone startup LISNR just raised a $10 million series B round. The funding round was led by Intel...
Infosys Infuses $3 Million in Whoop
Infosys, an Indian multinational IT and software engineering service provider has announced a $3 million...

Other Interesting Posts in the Category

Some Older Posts That You May Like