- Clip Money (CLIP) announced a partnership agreement with an international fuel distributor and retailer
- Clip has set up a network of ClipDrops at select retail stores in Ontario that are open 24/7
- The Clip solution is bank-agnostic, meaning any business can make deposits to any bank account
- Clip Money (CLIP) is a Fintech company providing secure cash deposits to small businesses
- Clip Money Inc. (CLIP) opened trading at $0.55
Clip Money (CLIP) announced a partnership agreement with an international fuel distributor and retailer.
Clip has set up a network of ClipDrops where businesses can safely deposit cash at select retail stores in Ontario that are open 24 hours, 7 days a week.
“Cost savings are important, and we are delighted the Clip solution will afford local businesses close to these locations that benefit. Convenient, accessible deposit options are paramount for all retailers, especially those who operate during extended business hours,” said Joseph Arrage, Clip co-founder and CEO.
“Participating retailers will no longer be limited by bank branch hours to manage their cash deposits. I am eager to see how Clip improves this essential process for businesses near these locations.”
The Clip solution is bank-agnostic, meaning any business can make deposits to any bank account they use in more convenient, accessible locations via a ClipDrop. Additionally, deposits can be made at any time of the day by designated business employees. Clip customers are provided with powerful technology through the ClipApp to manage their cash, assign employees to perform banking transactions, track transaction history, collect analytics, and manage personnel. Customers also receive next-business-day credit for their deposits, improving cash flow.
Existing customers have reported savings of hundreds of dollars per month per store in staff costs related to the time it takes to travel and deposit at a bank.
About Clip Money Inc.
Clip Money (CLIP) is a Fintech company providing secure cash deposits to small businesses.
Clip Money Inc. (CLIP) opened trading at $0.55.
