In December 2016, General Atlantic invested in Clip, a Mexico-based provider of digital payments solutions for SMEs.
General Atlantic worked with the Clip team to expand the company’s distribution channels. Clip’s card reader is now available for purchase at ˜21,000 points of sale in partnership with Sam’s Club and the Mexican convenience store chain Oxxo, among others. In addition to retail, Clip also scaled up its online presence and resellers channel, began to offer working capital loans to its clients, and started a pilot project around card-not-present transactions.