(Bloomberg) -- Mexico’s payments startup Clip has raised $100 million from Morgan Stanley Tactical Value and another West Coast investor. Most Read from...
-- Mexico ’s payments startup Clip has raised $100 million from Morgan Stanley Tactical Value and another West Coast investor.Stocks Rise as Bullish Nvidia Call Boosts AI Trade: Markets Wrap
“We intend to double down on some of these,” he said. “Depending on the stage the business is in, we either go deeper or we go broader. Even in payments, there’s still a lot of room to go deeper, because there’s still a lot of opportunity and a lot of room to grow.” Venture investors have been largely waiting on the sidelines after a 2021 funding bonanza dried up in 2022 amid high US rates, leading to Latin America’s worst year of startup investments since 2018. According to PitchBook data, there were only five triple-digit venture capital deals in the region in 2023, with Brazil’s QI Tech marking the last large transaction.“There’s a lot of money waiting to be invested in good, high quality companies that are delivering results,” he said.
-- India’s inflation continues to be sticky, making it premature for the central bank to discuss a change in its monetary policy stance, Reserve Bank Governor Shaktikanta Das said Tuesday.
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