• FOUNDING YEAR: 2012
    LOCATION:
    Mexico
    REGION:
    Last Update:
    27 Jun, 2019

Description

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:
Viewable by subscribers only
MAIN CLIENTS:
bebe2go.com, Endeavor Mexico, Tatsu Japan Grill

PEOPLE

FOUNDERS:
Adolfo Babatz, Vilash Poovala
Board Members and Advisors:
Diego Serebrisky, Adolfo Babatz, Vilash Poovala, Karl Mehta
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
American Express, Sierra Ventures, Angel Ventures, Endeavor, Fondo De Fondos, Alta Ventures, 500 Startups, Accion, General Atlantic, Dalus Capital, MissionOG
KEY EMPLOYEES:
Adolfo Babatz (CEO); Vilash Poovala (CTO)

TRACTION

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

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$47.7 Millions
DATE OF LAST FUNDING:
Jul 2017
SEED & PRIOR FUNDING:
$3.63 Millions
SEED CLOSED ON:
May 2013
FUNDING SERIES:
SERIES A
$13.2 Millions Closed: Dec 2015
SERIES B
$30.9 Millions Closed: Jul 2017
COMMENTS
SERIES A : Venture funding: $5.21 M (Dec, 2014)
LISTED:
NO

LATEST RESEARCH