CLIP MONEY INC - CLPMF STOCK NEWS

Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) has modified its previously announced non-brokered private placement of note units to raise up to CAD$1,000,000. Each note unit comprises a 10% unsecured convertible note with a principal amount of $1,000 and 769 common share purchase warrants. The notes mature in 36 months and allow conversion into common shares at a price of $0.65. The offering may be increased with TSXV approval. Proceeds will fund network expansion, customer acquisition, and technology. Closing is anticipated before the end of April 2023, subject to necessary approvals.

Clip Money, Inc. (TSXV:CLIP, OTCQB:CLPMF) has announced a partnership with an international fuel distributor to enhance cash management solutions for retailers in Ontario. The company has introduced secure, self-service cash deposit boxes known as ClipDrops, available 24/7 at select locations. This innovative approach allows businesses to conveniently deposit cash at their preferred banks without the limitations of traditional bank hours. Customers can benefit from significant cost savings, with some retailers reporting hundreds of dollars saved monthly in related expenses. The ClipApp also provides advanced cash management features to streamline operations.

Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) has announced a non-brokered private placement intending to raise up to CAD$1,000,000 through the sale of 1,538,462 units at CAD$0.65 per unit. Each unit comprises one common share and one half of a warrant, with full warrants exercisable at CAD$0.85 for 36 months. Insiders may participate, with conditions under MI 61-101. The funds will be used for network expansion, customer acquisition, and other operational costs. Closing is expected around March 20, 2023. CEO Joe Arrage expressed confidence in investor demand, highlighting growth in the multi-store retail sector.

BOSTON, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Clip Money, Inc. (TSXV:CLIP) (OTCQB: CLPMF) announced its partnership with Pepper Palace, enhancing cash management solutions across nearly 400 retail locations. Since adopting Clip's service in October 2022, Pepper Palace has reported significant savings, including up to 10 hours of labor and hundreds of dollars monthly per store. Clip's bank-agnostic platform allows businesses to deposit cash easily and improves cash flow with same-day credits. CEO Joseph Arrage emphasizes the company's commitment to improving retailer experiences and resolving common cash management issues.

Clip Money, Inc. (TSXV:CLIP, OTCQB:CLPMF) has successfully implemented its cash deposit solution in nearly 400 retail locations, including stores of Pepper Palace, a growing specialty food retailer. Since adopting Clip's services in October 2022, Pepper Palace has reported substantial savings of about 10 hours and hundreds of dollars monthly per location, avoiding the need for staff to leave stores for bank deposits. The company emphasizes convenience with its bank-agnostic network, allowing businesses to deposit cash at any ClipDrop site. This solution has enhanced cash management efficiency and improved cash flow for participating retailers.

Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) has completed the second tranche of a private placement, issuing 3,883,760 units at CAD$0.45 each, raising approximately US$1.3 million. The overall private placement totaled 8,408,397 units, generating gross proceeds of about US$2.83 million. Each unit includes a common share and a warrant exercisable at CAD$0.65 for three years. Insider participation accounted for 452,167 units. The funds will be allocated for network expansion, customer acquisition, and operational costs. All securities issued are subject to a four-month hold period.

BOSTON, Feb. 7, 2023 (GLOBE NEWSWIRE) -- Clip Money, Inc. (TSXV:CLIP) (OTCQB:CLPMF) has reported significant adoption of its cash management services in New England. The service is now installed in 47 locations across Massachusetts, Rhode Island, Connecticut, New Hampshire, and Maine, becoming a preferred option for many retailers, including Staples and Simon®. The bank-agnostic Clip network allows businesses to make deposits conveniently at various retail locations, improving cash flow with next business day credit. CEO Joseph Arrage highlighted ongoing US expansion plans, focusing on high-density retail areas.

BOSTON, Jan. 24, 2023 – Clip Money, Inc. (TSXV:CLIP) (OTCQB:CLPMF) has onboarded Invicta Stores, a prominent luxury timepiece retailer, to utilize its first-to-market cash deposit solution. Invicta will implement Clip across multiple locations, improving cash deposit efficiency directly at stores and at select Staples locations. This partnership positions Clip in over 300 U.S. sites across 34 states. Invicta aims to streamline operations, allowing staff to focus more on customer service by minimizing time spent on cash management tasks. Clip's technology provides real-time analytics and next business day credit for deposits, thus enhancing cash flow and operational effectiveness for Invicta.

BOSTON, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Clip Money, Inc. (TSXV:CLIP) (OTCQB:CLPMF) announces its ambitious U.S. expansion plans for 2023 after a successful 2022 launch of its multi-bank cash deposit network. Currently, over 325 ClipDrop cash deposit solutions are operational across 34 states, with Q4 2022 transactions increasing by over 336% compared to the previous quarter. Clip's services enhance cash management for retailers, offering next-day credit for deposits and access via the ClipApp. The company will expand further into convenience stores and announce new partnerships in busy shopping centers throughout the year.