Clip, Mexico’s leading commerce and digital payments platform continues to strengthen its operations and offerings that drive the digital transformation of Mexico’s economy by entering a $50 million, three-year, unsecured revolving credit facility with Morgan Stanley, J.P. Morgan, and HSBC. The funding will be used by Clip to expand its efforts to meet businesses’ demand for innovative payment solutions and improve financial access for Mexican businesses and consumers.

“We see strong opportunity for growth in the near term,”

“This credit facility represents another important milestone for Clip, as it provides additional support to our already solid balance sheet and liquidity position. It is important for Clip and our story to receive the support of banks of this caliber validating our mission of expanding financial inclusion in Mexico.”

                                                                                 Clip’s founder and CEO, Adolfo Babatz.

After the debut of new products in May, a new credit facility was introduced. Three point-of-sale terminals—the Clip Mini, Clip Pro 2, and Clip Stand—two hardware accessories—the Clip Cashbox and Clip Printer—and three Remote Payments software features—the QR Code, Payment Link, and URL Link—are all part of the new products.

“We continue to expand our offering in response to the increasing demand for digital payments solutions in Mexico,”

“The recent additions to our product suite mark the next step for many of our merchants, who can now use inventory management, card present, and card not present tools to grow their business.”

                                                                                Clip’s founder and CEO, Adolfo Babatz.

Additionally, on August 23, the National Banking and Securities Commission approved the digital payments platform’s application for an IFPE (Institution of Electronic Payment Funds) license (CNBV). This license, which was acquired through Swap (Pocketgroup Technologies S.A. de C.V.), a business over which the Company acquired control in December 2020, enables the digital payments platform to issue, market, and manage payment instruments like debit cards, as well as to open and hold customer accounts with electronic balances and wire transfer services. This will make it possible for the company to keep improving the way consumers send and receive money in Mexico and to extend the ecosystem of business.

With these successes, Clip has demonstrated its continued dedication to promoting financial inclusion in Mexico by increasing the number of small and medium-sized enterprises that have access to digital payment options.

Clip had announced it had received a U.S. $250 million capital investment led by the SoftBank Latin America Fund and Viking Global Investors LP. The investment is the largest for a payments company in Mexico. It establishes Clip as the first payments unicorn in the 12th largest economy in the world, with a valuation approaching the U.S. $2 billion.