PayClip

paymentspos/mobile pos

FOUNDING YEAR: 2012
LOCATION: Mexico
Last Update: 18/10/2019

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Clip enables any business to accept card payments, at any time, and any where by turning your smartphone or tablet into a card terminal. Complete an easy sign-up process in less than 5 minutes.Our mission: we allow people and businesses to exchange value and develop enduring relationships in a simple, fast, safe, socially relevant and more beautiful way.

MEDICI Analysis

PayClip enables merchants to accept payments on their smartphone or tablet using the Clip card reader. The company offers a portable card reading equipment that fits into the headphone socket of smartphones and tablets. It was fomely called as BlitzPay, Inc.

Focus

PRODUCTS & SERVICES

Clip card reader and Mobile POS platform for micro, small and medium-sized businesses in Mexico. It develops a card reader that enables users to accept credit card payments through smartphones and tablets.

REVENUE MODEL

The company earns money through a standard 3.6%+VAT commission fees applied on each transaction.

MAIN CLIENTS

bebe2go.com

Endeavor Mexico

Tatsu Japan Grill

company provided insights

Traction

OTHER INFO:

Accion Venture Lab has sold its stake in Palo Alto and Mexico based Clip(Feb 2017).

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp

PayClip

About

PayClip enables merchants to accept payments on their smartphone or tablet using the Clip card reader. The company offers a portable card reading equipment that fits into the headphone socket of smartphones and tablets. It was fomely called as BlitzPay, Inc.

Focus

PRODUCTS & SERVICES

Clip card reader and Mobile POS platform for micro, small and medium-sized businesses in Mexico. It develops a card reader that enables users to accept credit card payments through smartphones and tablets.

REVENUE MODEL

The company earns money through a standard 3.6%+VAT commission fees applied on each transaction.

Traction

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

People

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

employee: Adolfo Babatz

employee: Adolfo Babatz

employee: Adolfo Babatz

BOARD MEMBERS AND ADVISORS:

Diego Serebrisky, Adolfo Babatz, Vilash Poovala, Karl Mehta

INVESTORS:

500 Startups

Accion

Alta Ventures

American Express

Angel Ventures

Dalus Capital

Endeavor

Fondo De Fondos

General Atlantic

MissionOG

Sierra Ventures

Momentum

FUNDED

YES

TOTAL FUNDING:

$47.73 M

LISTED

NO

SEED & PRIOR FUNDING

$3.63 M

SEED CLOSED ON

May 2013

FUNDING SERIES

SERIES A  · $13.2 M  · Dec 2015

SERIES B  · $30.9 M  · Jul 2017