Source: Clip Money.
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  • Clip Money (CLIP) has launched its first-to-market multi-bank cash deposit network, ClipDrop
  • The Clip network is bank-agnostic, meaning any business can make deposits to any existing bank account in convenient, accessible locations via a ClipDrop
  • During the fourth quarter of 2022, Clip transactions grew by over 336 per cent compared to the prior quarter
  • The company will be announcing partnerships with businesses of all sizes, some of which are in America’s busiest shopping centers and retail stores, in 2023
  • Clip Money (CLIP) is a Fintech company providing secure cash deposits to small businesses
  • Clip Money Inc. (CLIP) opened trading at C$0.45

Clip Money (CLIP) has launched its first-to-market multi-bank cash deposit network.

The ClipDrop cash deposit solution is now installed at over 325 U.S. locations across 34 States.

During the fourth quarter of 2022, Clip transactions grew by over 336 per cent compared to the prior quarter.

Joseph Arrage, Clip founder and CEO, commented on the success of ClipDrop.

“Clip deposit adoption in the US is growing at a rapid rate, and it’s incredibly satisfying to see so many American businesses save time and money and improve their cash flow through our novel solution.”

He continued,

“In 2023, we will be announcing a wide range of partnerships with businesses of all sizes, some of which are in America’s busiest shopping centers and others in beloved, local, small business retail locations. It is our belief that all businesses should have access to a cash solution that supports their staff and individual business objectives.”

The Clip network is bank-agnostic, meaning any business can make deposits to any existing bank account in convenient, accessible locations via a ClipDrop. Deposits can be made anytime during store business hours by designated business employees. Clip customers also have access to ClipApp to manage their cash, assign employees to perform deposit transactions, track transaction history, and collect cash and payment analytics.

Retailers receive next-business-day credit for their deposits which improves cash flow.

ClipDrops are installed in high-density retail locations and are also available in select
retail stores.

Through 2023, Clip is accelerating expansion plans across existing locations that can enable deposit access across urban, suburban and rural communities. Clip will also be announcing new deployment locations in 2023 in the convenience store segment, further improving accessibility for business.

Clip Money (CLIP) is a Fintech company providing secure cash deposits to small businesses.

Clip Money Inc. (CLIP) opened trading at C$0.45.


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