Clip Raises $1.7 Million

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Clip is a Square-like mobile payment service that has raised $1.7 million in funding.  Alta Ventures, one of the top Mexico based venture capital firms, participated in this round along with an undisclosed investor.

 

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Clip has launched a new service called Mensualidades, which lets a merchant in Mexico set up payments in 12 installments.  This will make it easier for buyers to make larger purchases in Mexico.

Clip has a partnership with American Express Mexico where the American Express credit card is Clip’s official card.

[Source: TechCrunch]

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