Mexico: Startup Clip Raises 1.5 million for a new Mobile Payment System

A startup named Clip has raised $1.5 million in funding to build a mobile payments system for the Spanish-speaking world, according to Venture Beat.

Adolfo Babatz, chief executive and c0-founder, told VentureBeat in an interview that" the platform will turn a mobile phone into a payment-card processing terminal for businesses and individuals in Mexico and other Spanish-speaking countries".

Clip raised the money from a group of investors that include 500 Startups, Alta Ventures, ACCION, and Karl Mehta. The latter is the founder and former chief executive of PlaySpan, a virtual goods and payment company acquired by Visa for $190 million in 2011. Mehta is now a partner at Menlo Ventures.


Editorial Staff @portada_online

Portada Staff

MORE FROM PORTADA

Amazon, Wal-Mart Drawing the Largest Numbers of Online Hispanic Shoppers in US

Amazon, Wal-Mart Drawing the Largest Numbers of Online Hispanic Shoppers in US

We looked at the top 15 online retail sites visited by Hispanic shoppers in the US and how they scored in number of visitors in May 2018.


Dentsu Aegis Network Acquires Agency Global Mind

Dentsu Aegis Network Acquires Agency Global Mind

This is the third Latin American acquisition this year after the Japanese giant acquired M8 and White Label in April. Global Mind will triple the headcount of iProspect and strengthen Dentsu Aegis' pan-regional reach. 


4 Truths and One Lie About Multicultural Marketing According to Mel Rodriguez & Co, Starcom, Walton Isaacson…

4 Truths and One Lie About Multicultural Marketing According to Mel Rodriguez & Co, Starcom, Walton Isaacson…

We talked to Melissa Rodriguez, Dana Bonkowski, Albert Thompson, and Teylez Perez about the future of brands in an increasingly multicultural world. Reports estimate that by 2065 Hispanics will account for one-quarter of U.S. population. Brands should be aware of this opportunity and find appropriate communication strategies.