CLIP MONEY INC - CLPMF STOCK NEWS

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.

Clip Money Inc. (OTCQB: CLPMF) has completed the first tranche of a non-brokered private placement, issuing 4,524,637 units at CAD$0.45 each, raising gross proceeds of approximately US$1.49 million. Each unit consists of one common share and a warrant, allowing purchase of additional shares at CAD$0.65 for 36 months. Insiders participated in the offering, which is exempt from minority approval under MI 61-101. Proceeds will fund network expansion, customer acquisition, and technology improvements. A second tranche is expected in Q1 2023.

Clip Money Inc. (OTCQB: CLPMF) has announced a non-brokered private placement of up to 9,111,111 units at CAD$0.45 each, aiming for gross proceeds of up to US$3 million. Each unit includes one common share and one warrant, exercisable at CAD$0.65 for 36 months. The company seeks to use the funds for network expansion, customer acquisition, and operational costs. Insider participation may occur under specific regulations, and the deal awaits necessary regulatory approvals, expected to close by December 19, 2022. Demand for Clip Money's self-service deposit system is rising post U.S. market launch.

Clip Money, a leading cash deposit solution provider, reported a robust start to the holiday shopping season, with a 17% rise in brick-and-mortar visits. As retailers anticipate ongoing in-store traffic, Clip aims to empower them with efficient cash deposit services through secure self-service deposit boxes. Their offerings include bank-agnostic services, real-time transaction tracking via the ClipApp, and next business day credit for deposits, enhancing cash flow for businesses. Notably, International Restaurant Management Group uses Clip’s platform, praising its efficiency for retail operations.

Clip Money Inc. (OTCQB: CLPMF) released its financial results for Q3 2022, highlighting a robust 91% increase in transaction volumes compared to Q2 2022. The company's self-service cash deposit network launched in the U.S. in July 2022, now exceeding 325 ClipDrop Box locations. In a strategic move, they signed agreements for 22 new locations at a U.S. outdoor lifestyle outlet mall. Clip Money was also named 'Best CashTech Startup' at a recent conference in Madrid. Additionally, the company's shares are now DTC service eligible, enhancing their trading liquidity.

Clip Money Inc. (OTCQB: CLPMF) announced its common shares are now DTC service eligible, enhancing liquidity and facilitating electronic clearing in the U.S. This eligibility allows for faster trade execution and broader access for new investors. Clip Money operates a self-service deposit system for businesses, allowing deposits at retail locations via ClipDrop Boxes, ensuring funds are credited within a business day. Trading on the OTCQB Venture Market began on September 1, 2022.