In late 2019, Mexico City-based fintech company Clip announced a multiyear partnership with Visa to scale its Square-like mobile credit-card processing service for small and medium-size businesses. In response to the COVID pandemic and declining in-person transactions, the company (which has raised close to $150 million from SoftBank, General Atlantic, and Google for Startups Accelerator) introduced a remote payment system that lets vendors send invoices by text, email, Facebook Messenger, and Whatsapp, with payment through a secure transaction portal.
Fast Company includes Clip, an Accion Venture lab portfolio company, in this roundup of innovative Latin American companies.