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Announced

Completed

SoftBank and Viking Global completed a $250 investment in Clip.

Financials

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Transaction Value£176m
Consideration TypeCash
Capital Owned-
Capital Bid For13%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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fintech company

Cross Border

Completed

Private

Venture Capital

Minority

FinTech

Acquisition

Mexico

Private Equity

Friendly

digital payments

Synopsis

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SoftBank, a Japanese multinational conglomerate, and Viking Global, an investment management company, completed a $250 investment in Clip, a credit and debit card reader. “We are planning to grow aggressively and hire about 320 people in the next 18 months, the best talent possible. About 85% of our clients accepted only cash before us, so we can really say we are democratizing digital payments in Mexico," Adolfo Babatz, Clip Founder and CEO.

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