Ecommerce Startup PayClip Raises $1.6 Million

PayClip announced it has raised $1.6 million in Series B financing from an undisclosed investor.

PayClip develops a card reader that enables users to accept credit card payments through smartphones and tablets. The company offers portable card-reading equipment that fits into the headphone socket of smartphones and tablets. It was founded in 2013 by Adolfo Babatz and Vilash Poovala and is based in Redwood City, CA.