Retrieved on:
Wednesday, March 27, 2024
BOSTON, March 27, 2024 (GLOBE NEWSWIRE) -- Clip Money, Inc. (“Clip”) (TSXV:CLIP) (OTCQB:CLPMF), a leading provider of end-to-end cash management for businesses, has announced the addition of ClipChange to its product suite.
Key Points:
- BOSTON, March 27, 2024 (GLOBE NEWSWIRE) -- Clip Money, Inc. (“Clip”) (TSXV:CLIP) (OTCQB:CLPMF), a leading provider of end-to-end cash management for businesses, has announced the addition of ClipChange to its product suite.
- ClipChange allows Clip’s business partners to select from pre-packaged values of coins and banknotes and track packages through insured delivery.
- “Clip is excited to roll out our latest service that modernizes antiquated cash management services that businesses have had to settle with for decades.
- Clip is driving enhanced convenience and efficiencies to improve the end-to-end manner in which businesses manage cash, and using our customer-first culture to help design and deliver innovative solutions,” said Brian Bailey, President of Clip.
TORONTO, March 19, 2024 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (“Clip” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, announces that further to its press release dated March 11, 2024, Joseph Arrage has voluntarily agreed to terminate the 275,000 options to acquire common shares of the Company (the “Common Shares”) that were granted to him (the “Old Options”) for the purpose of redistributing such options to key employees of the Company.
Key Points:
- TORONTO, March 19, 2024 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (“Clip” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, announces that further to its press release dated March 11, 2024, Joseph Arrage has voluntarily agreed to terminate the 275,000 options to acquire common shares of the Company (the “Common Shares”) that were granted to him (the “Old Options”) for the purpose of redistributing such options to key employees of the Company.
- As such, and as a result of the termination of the Old Options, the Company has issued an aggregate of 275,000 new options (the “New Options”) to employees of the Company.
- The New Options are governed by the terms of the Company’s omnibus equity incentive plan, under which an aggregate of 10,494,753 Common Shares are issuable.
- “The redistribution of the Old Options previously granted to me, as New Options to key members of our team, symbolizes not only our continuous commitment to investing in those instrumental to realizing our strategic vision, but also my personal investment in the team that I strongly believe will lead us to success.
This move further strengthens Clip’s position as a convenient and secure cash deposit solution for businesses, and Financial Institutions, across the US.
Key Points:
- This move further strengthens Clip’s position as a convenient and secure cash deposit solution for businesses, and Financial Institutions, across the US.
- Beyond shopping mall partnerships, Clip has partnered with NCR Atleos, owner and operator of the largest independent ATM network , to incorporate business cash deposits into thousands of existing NCR Atleos cash-deposit ATMs.
- This collaboration adds over 2,600 deposit locations to the Clip network,and holds significant potential for reaching main street businesses and previously underserved locations across 70 major metropolitan areas in the United States.
- This network expansion, fueled by innovative collaborations, paves the way for increased accessibility, security, and efficiency for businesses nationwide.
TORONTO, March 11, 2024 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (“Clip” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, announces the grant of an aggregate of 465,000 options (the “Options”) to acquire common shares of the Company (the “Common Shares”) to certain executives of the Company to recognize their strong performance in 2023.
Key Points:
- TORONTO, March 11, 2024 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (“Clip” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, announces the grant of an aggregate of 465,000 options (the “Options”) to acquire common shares of the Company (the “Common Shares”) to certain executives of the Company to recognize their strong performance in 2023.
- The following Options have been granted: (i) 275,000 Options to Joseph Arrage, (ii) 260,000 Options to Brian Bailey, (iii) 155,000 Options to Andrew Tussing, and (iv) 75,000 Options to Roger Dalal.
- The Options have a three-year vesting period, an exercise price equal to CDN$0.18, being the trading price of the Common Shares at the close of business on March 8, 2024, and will expire 10 years from the date of the grant.
- The Options are governed by the terms of the Company’s omnibus equity incentive plan, under which an aggregate of 10,494,753 Common Shares are issuable.
Retrieved on:
Wednesday, February 21, 2024
BOSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Clip Money, Inc. (“Clip”) (TSXV:CLIP) (OTCQB:CLPMF), a leading fintech company that brings modern cash management services to businesses, announces its partnership with Miss A , a rapidly growing beauty essentials retailer.
Key Points:
- BOSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Clip Money, Inc. (“Clip”) (TSXV:CLIP) (OTCQB:CLPMF), a leading fintech company that brings modern cash management services to businesses, announces its partnership with Miss A , a rapidly growing beauty essentials retailer.
- To drive down its operating costs, they chose Clip as a reliable cash deposit service, enabled by technology and the Clip deposit network, located near their stores.
- "We are thrilled to partner with a fast growing retailer like Miss A and provide them with our innovative cash management solutions," said Joseph Arrage, CEO of Clip.
- We look forward to being a part of their existing and upcoming store launches as their preferred cash management solution.”
Clip’s cash management solutions empower businesses like Miss A to streamline their cash deposit process through digitization and automation.
Retrieved on:
Thursday, February 15, 2024
This year's conference marks a significant 25th anniversary, celebrating education, advocacy, and networking within the ATM industry.
Key Points:
- This year's conference marks a significant 25th anniversary, celebrating education, advocacy, and networking within the ATM industry.
- Aligned with the conference's "Next-Gen ATMs" initiative, Clip will showcase its pioneering business cash deposit solution in the event exhibition booth of valued partner NCR Atleos , a leader in expanding financial access for financial institutions, retailers and consumers.
- This strategic partnership propels Clip's market expansion while bolstering cash management offerings from NCR Atleos for issuers and merchants.
- NCR Atleos, as owner and operator of the world’s largest independent ATM network , has partnered with Clip to incorporate business cash deposits into thousands of existing NCR Atleos cash-deposit ATMs in Q1 2024.
Retrieved on:
Wednesday, February 7, 2024
QoQ growth in the use of Clip’s deposit network was the result of customers moving from the pilot stage to a broad rollout on the Clip network, demonstrating the scalability and effectiveness of Clip’s customer acquisition model.
Key Points:
- QoQ growth in the use of Clip’s deposit network was the result of customers moving from the pilot stage to a broad rollout on the Clip network, demonstrating the scalability and effectiveness of Clip’s customer acquisition model.
- ClipDrop, a cash deposit solution installed at nearly 400 locations across the U.S. and Canada will drive growth in 2024.
- Clip is also proud to launch their new network of deposit-enabled Clip ATMs for cash deposits in the first quarter of 2024.
- Holistically, the Clip ATM network is poised to add over 3,000 highly convenient locations to its network in 2024, boosting accessibility.
Retrieved on:
Tuesday, December 19, 2023
TORONTO, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (“Clip” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce that it has entered into a binding offer letter (the “Offer Letter”) with the Business Development Bank of Canada (“BDC”) for a loan in the amount of CDN$500,000 (CAD) in the form of non-revolving subordinated secured debt (the “BDC Loan”).
Key Points:
- TORONTO, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (“Clip” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce that it has entered into a binding offer letter (the “Offer Letter”) with the Business Development Bank of Canada (“BDC”) for a loan in the amount of CDN$500,000 (CAD) in the form of non-revolving subordinated secured debt (the “BDC Loan”).
- The Company intends to use the proceeds from the BDC Loan for general working capital purposes.
- By reimagining the speed, location, and logistics of business deposits and other services, Clip Money is bringing cost-effective and convenient new solutions for businesses owners.
- The BDC Loan will bear interest at a floating rate equal to the BDC floating base rate plus a margin of 1.00%.
Retrieved on:
Tuesday, November 28, 2023
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Retail TORONTO, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (“Clip” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce its financial results for the three and nine-month periods ended September 30, 2023.
Key Points:
- TORONTO, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (“Clip” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce its financial results for the three and nine-month periods ended September 30, 2023.
- Clip Money’s performance in third quarter of 2023 (“Q3”) was highlighted by an acceleration of enterprise customers making regular deposits through the network.
- The Company made continued progress in the deployment of its Clip Change Order solution in Q3 following the product launch in Q2, 2023.
- Another 600 store retailer began depositing with Clip at five initial stores in the quarter, including the adoption of the Clip Change order solution.
TORONTO, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (“Clip” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, announces today that Mr. Daren Trousdell has resigned as a director of the Company effective immediately.
Key Points:
- TORONTO, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Clip Money Inc. (TSX-V: CLIP) (“Clip” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, announces today that Mr. Daren Trousdell has resigned as a director of the Company effective immediately.
- The Company is pleased to announce the appointment of Mr. Stuart Mackinnon to the board of directors of the Company.
- "With deep appreciation for Daren's contributions, I want to acknowledge the dedication and expertise he brought to our board and company.
- As we bid farewell to Daren in his capacity as a board member, we extend our heartfelt thanks for his efforts and contribution.
