CLIP MONEY INC - CLPMF STOCK NEWS

Clip Money, Inc. (TSXV:CLIP) (OTCQB:CLPMF) has announced the promotion of Brian Bailey from Chief Operating Officer to President, effective immediately. Bailey will focus on enhancing investor relations while continuing to oversee the company's operations. Since joining Clip in 2021, he has played a crucial role in launching the U.S. network, attracting interest from major enterprise retailers. His previous experience includes senior positions at Cardtronics and NCR Financial Services. CEO Joseph Arrage praised Bailey’s leadership and industry knowledge as vital for future expansion in North America. Clip Money provides innovative cash management solutions through a network of secure drop box locations, improving the deposit experience for businesses.

Clip Money Inc. (TSX-V: CLIP) (OTCQB: CLPMF) announced a modification to its private placement of convertible notes and warrants due to heightened investor interest. The Modified Offering aims to raise up to CAD$4,000,000 through note units priced at $1,000 each. Each note will feature a 12% annual interest rate, convertible into common shares at a price of $0.50, maturing in 36 months. The company may enforce conversion under specific conditions, including a mandatory conversion linked to a qualified financing of at least US$5 million. Additionally, warrants are available for purchase at CAD$0.70, with a duration of 36 months. The proceeds from this offering will support network expansion, customer acquisition, and general corporate purposes. Closing is anticipated by the end of April 2023, pending necessary approvals.

Clip Money, Inc. (TSXV:CLIP) (OTCQB:CLPMF), a fintech specializing in cash management solutions, reports significant expansion in the New York Metro and Long Island regions, now serving 80 locations. CEO Joseph Arrage emphasized the importance of addressing challenges faced by retailers in one of the world's busiest retail markets. Clip's services allow businesses to make instant cash deposits through their ClipDrop system, are bank-agnostic, and provide next-day credit, improving cash flow. The company is strategically collaborating with major retail partners like Staples and Simon, marking a notable milestone in its growth trajectory.

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.