PayClip Brings In $5 Million

Ecommerce startup PayClip announced the close of $4.9 million in 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.

Founded in 2013 by Adolfo Babatz and Vilash Poovala, PayClip is based in Redwood City, CA.