Welcome to our dedicated page for Clip Money news (Ticker: CLPMF), a resource for investors and traders seeking the latest updates and insights on Clip Money stock.
Clip Money Inc. (CLPMF) delivers fintech solutions transforming business cash management through self-service deposit systems and insured logistics. This page aggregates all corporate announcements, financial disclosures, and strategic developments for stakeholders.
Access real-time updates on product innovations, partnership expansions, and operational milestones driving efficiency in retail and hospitality sectors. Investors gain critical context through earnings reports and market positioning updates, while businesses discover advancements in multi-bank deposit networks.
Our curated collection includes regulatory filings, technology launches, and service enhancements. Each update provides insights into Clip Money's progress in eliminating traditional cash-handling inefficiencies for North American enterprises.
Bookmark this page for direct access to CLPMF's evolving solutions in financial technology and cash logistics.
Clip Money Inc. (OTCQB: CLPMF), a multi-bank self-service deposit system provider, reported strong Q2 2025 financial results with revenue of $1.35 million, marking a 248% year-over-year growth. The company demonstrated significant operating leverage with cost of revenues increasing only 60% during the same period.
Key operational highlights include the expansion of their U.S. business deposit network through a partnership with Green Dot, adding over 4,000 new deposit locations at big-box retail stores. The company's total network now spans 8,500 locations across ClipDrop, ClipATM, and ClipCenter services. Additionally, Clip Money secured $4 million in financing through a convertible note and private placement, while adding 294 new users and expanding their ClipDrop network to 483 units.
Clip Money Inc. (OTCQB: CLPMF) has secured US$4 million in financing through two separate transactions. The company raised US$3 million through a convertible note issued to Cardtronics Inc., its largest shareholder, with a 13% annual interest rate and 5-year maturity. Additionally, the company completed a US$1 million private placement of 6,876,500 common shares at CAD$0.20 per share to two insiders.
The convertible note includes flexible repayment terms at maturity, requiring at least 50% conversion to common shares at CAD$0.55 per share. Early redemption provisions include a 102% premium within three years and 101% thereafter. The proceeds will fund network expansion, customer acquisition, capital expenditures, and general corporate purposes.
Clip Money Inc. (OTCQB: CLPMF), a multi-bank self-service deposit system provider for businesses, held its annual shareholder meeting on June 25, 2025. All five director nominees were successfully elected with overwhelming support, receiving over 99.99% approval.
Shareholders also approved the appointment of MNP LLP as the company's auditors with 100% of votes in favor, and re-approved the Amended and Restated Omnibus Equity Incentive Plan with 99.99% support.
Clip Money Inc. (CLPMF) has announced the issuance of previously disclosed equity awards to executives, employees, and directors. The company granted 965,000 restricted share units (RSUs) and 27,500 options to executives and employees as performance recognition for 2024. Additionally, 450,000 RSUs were granted to directors as compensation.
Director RSUs will vest in 12 months, while executive and employee RSUs vest over three years (one-third annually). The options have a three-year vesting period with an exercise price of CAD$0.19 and expire in 10 years. These awards fall under the company's amended omnibus equity incentive plan, which allows for up to 10,516,419 Common Shares to be issued.
Clip Money Inc. (CLPMF) reported significant financial growth for fiscal year 2024, with revenue surging 308% year-over-year to $2,360,309, compared to $577,919 in 2023. The growth was driven by a 147% increase in new deposit users and a 32% increase in revenue per user.
Q4 2024 revenue reached $1,151,862, showing a 121% quarter-over-quarter increase from Q3's $521,316, with approximately 19% attributed to holiday seasonality. Operating expenses increased moderately by 5% YoY to $6,688,824, while Cost of Revenues rose 37% to $3,449,743.
The company expanded its network to 444 ClipDrop deposit units in Q4 2024, partnering with major mall operators. The company secured $2.8M through convertible notes, with PeoplesBank contributing $2M and NCR Atleos subsidiary Cardtronics providing $800,000. Their ClipChange solution now serves 16 customers across 673 locations.
Clip Money Inc. (TSX-V: CLIP, OTCQB: CLPMF) has secured a US$2,000,000 convertible note financing from Cardtronics Inc., a subsidiary of NCR Atleos and Clip Money's largest shareholder. The note carries a 13% annual interest rate with quarterly cash interest payments and matures on February 24, 2030.
At maturity, Cardtronics can choose to receive: full cash payment, conversion to common shares at CDN$0.55 per share, or a combination where at least 50% must be converted to shares. Any unpaid interest can be settled in cash, shares at market price, or a combination, subject to TSXV approval.
The financing, while a related-party transaction, is exempt from formal valuation and minority shareholder approval requirements. The proceeds will fund network expansion, customer acquisition, capital expenditures, business operations, and technology development.
Clip Money (CLPMF) and Green Dot (GDOT) have announced a strategic partnership to expand Clip Money's business deposit network by 4,000 locations across the United States. The collaboration leverages Green Dot's embedded finance platform and network to offer businesses over-the-counter cash deposit services at retail and grocery locations.
This expansion makes Clip Money the operator of the largest non-bank business deposit network in the U.S., with over 7,000 total deposit locations. The partnership creates an omni-channel network through various deposit options, including ClipDrop boxes, ClipATMs, and in-person over-the-counter services. Local businesses can now deposit cash directly into their existing bank accounts at convenient retail locations without visiting traditional bank branches during banking hours.
The Green Dot Network comprises more than 95,000 retail locations throughout the U.S., including Walmart, Walgreens, 7-Eleven, and CVS, with 96% of the U.S. population living within three miles of a location.
Clip Money (TSXV:CLIP, OTCQB:CLPMF) has partnered with International Restaurant Management Group (IRMG), which operates over 200 restaurants including Starbucks, Burger King, and Popeyes locations. IRMG is currently using Clip's cash management services in over 50 locations with plans for expansion.
The partnership has resulted in approximately 60% monthly savings per location compared to previous cash management solutions. Clip's network allows businesses to make deposits to existing bank accounts via ClipDrop or ClipATM, with next-business-day credit and real-time transparency. The service is currently available in nearly 3,000 US locations across 34 States.
Clip Money reports significant adoption of its ClipChange cash and change delivery service, delivering over 3,000 change orders valued at more than $1 million USD since its launch earlier this year. The service is currently utilized by more than 650 stores across retail and hospitality segments.
ClipChange is an insured delivery service that modernizes cash management processes, building upon Clip's existing ClipDrop and ClipATM services. The platform allows businesses to order pre-packaged coins and banknotes with tracking capabilities, eliminating the need for branch visits and armored carriers. Through the Clip Money Cashboard, businesses can track orders and manage cash status efficiently.
Notable clients using Clip Money's services include Lids, Miss A, Torrid, and International Restaurant Management Group.
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