CLIP MONEY INC - CLPMF STOCK NEWS

Clip Money Inc. announced its 2023 financial results, highlighting a significant revenue increase to $577,919 from $27,687 in 2022, fueled by partnerships with NCR Atleos and expanded deposit networks. The company secured investments, completed private placements, and launched new solutions like Clip Change Order and Clip ATM. Clip Money's innovative platform enables cash deposits through a vast network of locations, simplifying banking for businesses and driving customer growth.

Clip Money, Inc. introduces ClipChange, a new delivery service to enhance cash management for businesses by providing coins and small banknotes directly to retail businesses. The service allows partners to select pre-packaged values and track deliveries, eliminating the need for branch visits and armored carriers. ClipChange is part of Clip's commitment to modernizing business cash operations and is well-received by leading customers in the retail and restaurant industries.

Clip Money Inc. announces the voluntary termination of 275,000 old options by Joseph Arrage to redistribute them to key employees as 275,000 new options with a three-year vesting period and an exercise price of CDN$0.20, aiming to enhance shareholder value.

Clip Money, Inc. (CLPMF) expands its network to over 3,000 deposit taking locations through strategic partnerships with shopping malls and NCR Atleos. The collaborations aim to enhance cash deposit solutions for businesses and Financial Institutions (FIs) across the US, offering convenience and security. Clip's innovative approach to digital cash management provides opportunities for FIs to grow commercial relationships in new markets, reducing costs associated with traditional banking processes.

Clip Money Inc. grants 465,000 options to executives to acquire common shares, recognizing their performance in 2023. The options have a three-year vesting period, an exercise price of CDN$0.18, and expire in 10 years.

Clip Money, Inc. (CLPMF) partners with Miss A, a beauty essentials retailer, to provide innovative cash management solutions, driving down operating costs and optimizing cash flow. The partnership aims to support Miss A's accounting, operations, and loss prevention objectives, with plans for further expansion in 2024.

Clip Money, Inc. (CLPMF) announces its participation in the 2024 ATM Industry Association Conference to showcase its business cash deposit solution in partnership with NCR Atleos, aiming to expand market reach and enhance cash management offerings.

Clip Money Inc. experienced significant transaction and cash deposit growth in Q4, demonstrating the scalability of its network and value for cash-based businesses. The company saw a +100% QoQ revenue surge, driven by increased deposit volume, deposits per month, and revenue per user. Clip expects this trend to continue in 2024 with new sales and customer support resources. The company also plans to expand its ClipDrop cash deposit solution and launch new products, including Clip Change and a network of deposit-enabled Clip ATMs.

Clip Money Inc. (TSX-V: CLIP) has entered into a binding offer letter with the Business Development Bank of Canada for a loan of CDN$500,000 in the form of non-revolving subordinated secured debt. The loan will bear interest at a floating rate equal to the BDC floating base rate plus a margin of 1.00% and is repayable in full on November 15, 2026. Clip Money aims to transform how businesses conduct financial transactions, aligning with BDC's strategy of increasing support for entrepreneurs.