Mexico's Clip hits unicorn status after SoftBank investment


FILE PHOTO: A device from Mexican payments startup Clip is seen in this picture illustration taken in Mexico City, Mexico October 11, 2019. REUTERS/Luis Cortes/Illustration

(Reuters) - Mexican payments startup Clip on Thursday said its valuation has jumped to nearly $2 billion after a recent investment led by SoftBank Latin America Fund and Viking Global Investors LP, putting it in a small but growing club of Mexican "unicorns."

The company was the first in Mexico to receive funding from SoftBank's Latin America fund in 2019. The latest investment round amounted to $250 million, Clip said.

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