SoftBank, Viking Invest $250 Million in Latam Fintech Unicorn
- New round of investment values Mexico’s Clip at $2 billion
- Goal is to expand and hire 320 people in the next 18 months
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There’s a new unicorn in Latin America: Clip, a payments fintech in Mexico targeting small and midsize companies.
The firm received a $250 million capital investment from SoftBank Group Corp.’s Latin American fund and Viking Global Investors LP, achieving a $2 billion valuation, according to Adolfo Babatz, Clip’s founder and chief executive officer.