PayClip

paymentspos/mobile pos

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

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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.

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

Traction

OTHER INFO:

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

People

BOARD MEMBERS AND ADVISORS

Diego Serebrisky

Adolfo Babatz

Vilash Poovala

Karl Mehta

NUMBER OF EMPLOYEES

11-50

INVESTORS:

500 Startups

Accion

Alta Ventures

American Express

Angel Ventures

Dalus Capital

Endeavor

Fondo De Fondos

General Atlantic

MissionOG

Sierra Ventures

KEY EMPLOYEES:

Adolfo Babatz (CEO); Vilash Poovala (CTO)

Momentum

FUNDED

YES

TOTAL FUNDING

$47.73 M

DATE OF LAST FUNDING

Jul 2017

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

LISTED

NO

BASICS

FOUNDING YEAR:

2012

LOCATION:

Mexico

Views:

300 VISITORS | 489 VIEWS
LATEST FUNDING ROUND

$47.7 M

TOTAL EMPLOYEES
11-50

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.

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

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+
Momentum+
Traction+
People+
Other+

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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.

People

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

employee: Adolfo Babatz (CEO); Vilash Poovala (CTO)

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

LISTED

NO