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Clipp

Clipp is an app used to find last minuit deals at bars and places up to 40 percent off.

Backed by

Mobile EmbraceMobile Embrace

Raised 4.69M EQUITY on June 10, 2015

About

Clipp provides iOS and Android mobile apps that let patrons pay bar and restaurant tabs and settle venue charges via smartphones, integrating with hospitality POS systems across Australia.

Mission

Clipp provides iOS and Android apps that allow users to pay bar and restaurant tabs from their smartphones. The app launched in 2013 and has grown to 20,000 users, and is accepted in 570 hotels and bars across Australia. The company is on track to process about $5 million worth of payments this year. Roughly a year-and-a-half ago it came within three days of running out of money. The startup has now raised $4.69 million from Mobile Embrace, and co-founder Greg Taylor says the round values Clipp at around $8 million. The funding is presented alongside Mobile Embrace’s status as an Australian Securities Exchange–listed mobile payments and marketing company.

Quick Facts

Founded

2013

Funding

EQUITY

Industry

Hospitality, Loyalty Programs, Mobile Payments

Team Size

1-10

Headquarters

Sydney, New South Wales, Australia

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