Driving Financial Inclusion Through Digital Payments

In this episode of Breakthrough Labs, General Atlantic Managing Director and Head of Mexico Office Luis Cervantes speaks with Adolfo Babatz, Founder and CEO of Clip, a multi-product, Mexico-based, commerce and digital payments platform for small and medium-sized businesses. They discuss Adolfo's journey to founding Clip; the lessons he learned from fundraising with David Rubenstein while at Carlyle; his disciplined upbringing and how that led him to pursue an MBA; catching the entrepreneurial bug while taking part in an MIT-sponsored program in Turkey; his experience helping to set up PayPal's operations in Mexico and witnessing the challenges merchants faced when trying to transact firsthand; the fragmented payments system in Mexico and the gap Clip is bridging to drive financial inclusion; building Clip into a multi-product company and core platform aimed at solving merchants' most pressing business needs and pain points to drive efficiency; lessons learned in the early days of Clip and the importance of defining a strong company culture; the significance of partnering with investors that align with the founder's mission and outlook personally, strategically and financially; and the importance of EQ as a founder and entrepreneur.  Key Takeaways Hear about how Adolfo caught the "bug" for entrepreneurship and how this shaped his professional journey into building what Clip is today. Adolfo discusses Mexico's fragmented payments system in Mexico and the pain points this creates for small and medium-sized businesses.  How Clip developed from a single-product company to a multi-product platform that promotes financial inclusion on a national scale Adolfo reflects on critical leadership decisions to strengthen the company's growth strategy and establish a distinguished workplace culture. 

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