# Pay Clip

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pay-clip

- Industry: Financial Services
- Headquarters: Mexico City, Mexico
- Website: www.payclip.com
- Total disclosed funding: $258M
- Latest round: Series D (Jun 10, 2021)
- Investors on record: 9

## About

Based in Mexico City, Mexico, and founded in 2012, PayClip, S. de R.L. de C.V. (Clip) is a digital payment and commerce platform. Adolfo Babatz is the founder and current CEO of the company. As of June 2021, the company has over 600 employees with offices in Mexico City, Guadalajara, Salt Lake City, and Buenos Aires. In June 2024, Pay Clip, Inc. raised USD 100 million in series D funding led by investor Morgan Stanley. The firm as of March 2025, is led by its founder, Chairman, and CEO, Adolfo Babatz.

PayClip develops mobile payment solutions and a cloud-based application that enables businesses to receive cashless payments. Its product solutions for mobile payments include Clip Plus 2, Clip Pro, and Total Clip, and related accessories. The company's platform helps businesses engage and transact with their customers more effectively through technology, customer care, and to accept all payment methods digitally. The company’s services include Presta clip, remote payments, refills, catalog, and Clip wallets.

The company generates revenue by pricing its Clip products, which include Total Clip (MNX 3,599.00), Clip Plus 2 (MNX 349.00), and Clip Pro (MNX 1,999.000). 

The company plans to utilize the June 2024 funding to further develop its financial service platform and offerings as well as support business expansion.

## Funding rounds

- Series D, Jun 10, 2021, $250M — Viking Global Investors, Softbank Latin America Ventures
- Series A, Sep 1, 2015, $8M — Sierra Ventures, Alta Ventures Mexico, Mexico Ventures, American Express Ventures, Endeavor Catalyst, Angel Ventures
- Seed, May 7, 2013 — Accion

## Investors

- Accion (https://capitalatlas.ai/funds/accion) — Seed
- Sierra Ventures (https://capitalatlas.ai/funds/sierra-ventures) — Series A
- Alta Ventures Mexico (https://capitalatlas.ai/funds/alta-ventures-mexico) — Series A
- Mexico Ventures — Series A
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Series A
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series A
- Angel Ventures (https://capitalatlas.ai/funds/angel-ventures) — Series A
- Viking Global Investors (https://capitalatlas.ai/funds/viking-global-investors) — Series D
- Softbank Latin America Ventures (https://capitalatlas.ai/funds/softbank-latin-america-ventures) — Series D