Clip, Mexico’s leading digital payments and commerce platform, has announced a US$100 million investment from Morgan Stanley Tactical Value (MSTV) and a major west coast mutual fund manager. The investment aims to support Clip’s mission of driving financial inclusion in Mexico through innovative technology solutions for SMBs across the country.

Latham & Watkins LLP represented Morgan Stanley Tactical Value in the investment with a transactional deal team led by partners John Miller, Reza Mojtabaee-Zamani, and Haim Zaltzman, and counsel Benjamin Gelfand, with associates Jack Neff and Yi Wei. Advice was also provided on tax matters by partners Bora Bozkurt and Aaron Bernstein; and on bank regulatory matters by New York partner Arthur Long and New York counsel Pia Naib, with associate Ja Hyeon Park.