Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP advised Clip on the deal.
Clip, Mexico’s leading digital payments and commerce platform, announced it has 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 ever for a payments company in Mexico and establishes Clip as the first payments Unicorn in the 12th largest economy in the world, with a valuation approaching U.S. $2 billion.
Clip pioneered simple and easy access to digital payments and the democratization of financial services in Mexico, with an obsessive focus on delivering superior client experiences and customer service. The Company empowers businesses to seamlessly access a growing range of financial and commerce-enabling solutions through its proprietary technology platform, unique ecosystem of distribution partners and channels, and a highly convenient engagement model that is open to everyone who wants to participate in the digital economy, with the ability to onboard and accept all available payment methods in a few minutes.
Clip is the leading digital payment and commerce platform that is empowering Mexico´s businesses to engage and transact with their consumers more effectively through innovative technologies, best-in-class customer service and the ability to accept all payment methods digitally.
The Gunderson deal team was led by Daniel Green (Picture) and included Zahrah Fadel, Joe McGinley and Chase Beckstead as well as Lily Kim.
Involved fees earner: Chase Beckstead – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Zahrah Fadel – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Daniel Green – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Lily Kim – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Joseph McGinley – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian;