SoftBank tapped its Innovation Fund to invest about $20m in the card reader developer as part of a $100m round that valued it at up to $400m.

Mexico-based mobile credit card reader maker Clip has secured about $100m in a funding round featuring telecommunications and internet group SoftBank, Reuters reported on Monday. SoftBank Innovation Fund, the $5bn Latin America-focused vehicle recently launched by the corporate, committed approximately $20m to the round, three sources familiar with the matter told Reuters. Growth equity firm…

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