- Clip Money (CLIP) has announced an investment from GLORY Global to deliver enhanced deposit services for businesses
- The North American Fintech simplifies the challenges businesses face when depositing cash
- GLORY is a global leader in cash technology solutions
- Clip Money is a financial technology company which provides innovative business solutions
- Clip Money Inc. (CLIP) remained unchanged, trading at C$0.92 per share as of 12:20 pm ET
Clip Money (CLIP) has announced an investment from GLORY Global to deliver enhanced deposit services for businesses.
The North American Fintech simplifies the challenges businesses face when depositing cash, such as avoiding trips to the bank during business hours, which take time away from their customers.
Clip’s platform combines a mobile app with a cloud-based transaction platform, secure connected cash deposit devices, and management software to deliver an end-to-end deposit solution to businesses, whoever they bank with. Its deployed at convenient locations, including top tier malls and at big box retailers.
The company’s self-service network is operational well past typical bank branch hours. It helps drive a better experience and improved cash flow for businesses. Clip also assists financial institutions in extending the reach of their network outside of the branch, which helps reduce costs, manual processes, and in-person transaction processing.
Joseph Arrage, CEO at Clip, also provided his views.
“In addition to the business depositor benefits, Clip Money is improving the connection between the physical and digital worlds of banking services which, in turn, is helping financial institutions accelerate their digital transformation. I am excited about GLORY as an investor and commercial partner as they bring deep global banking relationships and are a proven innovator in the cash management operations space.”
The financial terms of the transaction were not disclosed. GLORY is a global leader in cash technology solutions. It provides the financial, retail, QSR, cash center and gaming industries the confidence that their cash is protected and constantly working to help build a more substantial business.
Clip Money is a financial technology company which provides innovative business solutions. It operates a multi-bank self-service deposit system for businesses through its ClipDrop Boxes that give users the capability of making deposits outside of their bank branch at top retailers and shopping malls.
Clip Money Inc. (CLIP) remained unchanged, trading at C$0.92 per share as of 12:20pm ET.
