Funding and Acquisitions Roundup: Clip lands $1.5M to become the mobile payments provider of choice for the Spanish-speaking world

By Editor May 28, 2013

By Brian Kovalesky, StartUp Beat Editor

Today’s early-stage startup funding and acquisitions news:

Clip, a mobile payments provider for Spanish-speaking communities, has raised $1.5 million in Venture funding. Investors in the round include 500 Startups, Alta Ventures Mexico and ACCION. Much like Square, the Clip card reader fits into iOS and Android devices for secure mobile credit and debit card transactions. Mexico City and Redwood City, California–based Clip previously secured $425,000 in Seed funding. The startup was founded by Adolfo Babatz, who formerly headed up Customer Engagement in Latin America for PayPal, and Vilash Poovala, who was responsible for Visa’s Consumer and Merchant Acceptance and UltimatePay before founding Clip. (Sources: Clip, VentureBeat, The Next Web)

More funding news…

French fashion startup raises $1.5M to spread ‘ineffable French touch’ worldwide (via VentureBeat)

Appurify Raises $4.5M Series A To Automate Mobile App Testing On A Wide Range Of Devices (via TechCrunch)

Australia’s Kickfolio Rebrands as, Raises Over $1 Million to Aid Global Expansion (via TechInAsia)

Judicata Raises $5.8M Second Round to Build Out Advanced Legal Research Systems; Keith Rabois Joins Board (via TechCrunch)

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