J I Ventures

Clip: The first digital payments
unicorn in Mexico
Adolfo Babatz
Chairman and CEO, Clip

メルバ・プリーア駐日メキシコ大使の紹介により、日本でのビジネス拡大、日本企業との連携・協業を模索する、

by a stable economy and a technological boom. The
young workforce drives this growth, with hundreds of
new companies being founded every year.

次世代を担う有望なメキシコのスタートアップ「Clip」に寄稿いただきました。Clipは中小企業でも簡単に導入できる決済サービスを提供しています。

Clip was born with the idea of helping small and mediumsized merchants sell more and grow their businesses, andtoday we remain committed to that idea offering
payments, financial services, broader commerce, andsoftware solutions for merchants.
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, uniqueecosystem of distribution partners and channels, and ahighly 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.

A massive digital payments opportunity
There’s a fintech revolution underway in Mexico, andClip is leading the way by enabling small businesses toaccept card and digital payments. The nation is rapidly
becoming a world leader in the development of new
innovative technologies, and is the largest digital
payments opportunity in the world, where over 80% of
total private consumer expenditure (PCE) is still in cash.
The start-up ecosystem is thriving in Mexico, supported342023.11

The market for digital payments stands today at ~$200bn
and it is expected to grow double digit over the comingyears. Most of the growth will actually come from small
and medium-sized (SMEs) merchants (ME's), whichhave been the most underserved regarding debit andcredit card acceptance.

Over 10 years at the forefront of Mexico’s
digital transformation
Clip started a digital revolution by making digital payments
accessible to every business, pushing financial inclusion to
the next level. Clip helps businesses digitize their sales byimplementing innovative payment, commerce andmanagement solutions. That means reduced friction,increased efficiency, and fewer barriers to growth.
Its platform offers digital payments with state-of-the-art
point-of-sale (POS) systems, financial services, software
solutions such as inventory management and online
commerce solutions.
This makes us the ideal partner for businesses of every
size in any industry.
Clip's premier list of investors includes SoftBank Latin
America Fund, Viking Global Investors LP, General
Atlantic, Ribbit Capital, Goldman Sachs, Dalus Capital,
Banorte and Amex Ventures among others. The Company,
which was founded in 2012 with just five employees, now
counts over 700 "Clippers" across Mexico, the UnitedStates and Argentina, doing extraordinary things to help
its customers succeed.

Clip

At Clip, we make ideas happen
2012 Clip was born
2013 Our first transaction
We process our first transaction with
the iconic Clip device that connects tothe headphone jack of a smartphone –and gives shape to our logo today.

2017 Clip Plus®
We launch Clip Plus®, a Bluetoothenabled device with PIN capabilities thatconnects wirelessly to a smartphone.

2018 Clip Pro®
We launch Clip Pro®, our first POS
device with embedded free wirelessinternet connection for life that does not
require a smartphone to operate.

2019 Clip Plus 2® and Clip Total®
We launch Clip Plus 2®, a renovation of our original ClipPlus® that is now enabled for contactless, and Clip Total®,
our first device with printing capabilities.
2020 Our first card-not-present transaction
In response to the COVID-19 pandemic, we launch a cardnot-present solution to allow merchants to continue accepting
digital payments throughout lock-down.
2020 Acquisition of Swap
Clip acquires Swap, an IFPE (Institution of Electronic
Payment Funds) that provides digital wallet and payment
management services.
2021 Reaching Unicorn status
Following a US$250m investment from Softbank and Viking,
Clip becomes a Unicorn company.
2021 Clip Mini®
We launch Clip Mini®, the smallest
and cheapest terminal that weights 69
grams and is 7 centimeters wide.

2022 Clip Pro 2® and Clip Stand®
We launch Clip Pro 2®, a renovationof the Clip Pro® launched in 2019 andClip Stand®, a full HD 11.6”portable
touch-screen with embedded software
solutions.

All businesses in Mexico should have the opportunity toaccess the latest innovation in financial technology,backed by best-in-class customer service with
#ElPoderDeClip. The ultimate digital payments platform
with more than 20 products and services, way more thanjust accepting card payments:• Digital payments: Modern, contactless integrated devices
combine leading hardware and software in just oneterminal.
• Financial services: Solutions to help merchants growtheir business: get paid faster, invest in growth, and savefor the future.
• Broader commerce: Solutions to help merchants tap into
the potential of the digital commerce world and increase
engagement with their consumers.
• Software: APIs and integrated software solutions to help
businesses operate better and more efficiently.
Clip's mission lies in the power of ideas. Ideas should not
be limited by access to opportunity, lack of level playing
fields or insufficient technology. Ideas have the power tomove the world, and people are a critical factor in making
them happen, touching millions of lives.
お問い合わせJOI 事業企画部
E-mail: bd@joi.or.jp

Clip
Clip is the leading commerce and digital payments platform thatis empowering businesses in Mexico to engage and transact with
their consumers more effectively through innovative technologies,
best-in-class customer service, and the ability to accept all digital
payment methods. The company has offices in Mexico, USA, andArgentina.
E-mail: pr@payclip.com
https://www.payclip.com/

駐日メキシコ合衆国大使館
Sergio Sierra, Minister for Economic Affairs
E-mail: ssierra@sre.gob.mx
https://embamex.sre.gob.mx/japon/index.php/ja/

2022 Credit facility
Clip raises a US$50m credit facility from Morgan Stanley, J.P.
Morgan, and HSBC, and we celebrate our 19th anniversary.

2023.1135